Private equity firm bids almost €300 million for athletic shoe chain
23/10/2018
On October 22, Equistone confirmed that it had submitted a binding offer for Courir, committing to pay €283 million to current owner Go Sport Groupe. It said completion of the acquisition “remains subject to the consultation of employees’ representative bodies and clearance from the relevant antitrust authorities”, but added that it believes the deal could be finalised during the first half of 2019.
Courir describes itself as the go-to retailer for fashionable sneakers for 15-25 year-old consumers in France. It has 188 own-brand stores and 50 affiliated stores across France, along with 27 points of sale in other countries, including one own-brand store in Spain, three in Poland and a chain of franchise stores across the Middle East and North Africa.
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