SportScheck news and archive

Frasers Group withdraws SportScheck acquisition, mulls insolvency buyout

Frasers Group has said that it has “exercised its rights” to withdraw from its binding agreement to acquire Austrian sports retailer SportScheck after it filed for insolvency. Frasers had initially announced the deal with SportScheck owner Signa Retail Department Store Holding in October, which would have seen it acquire 100 percent of the...

Business

SportScheck files for bankruptcy, Frasers takeover halted

The Munich-based sporting goods retailer SportScheck has filed for insolvency proceedings with a local court today. The retailer will be supported in the proceedings by the reorganisation experts from the law firm Runkel Rechtsanwälte. It comes on the back of a similar bankruptcy filing made by SportScheck's current owner Signa Holding, which...

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Signa crisis: Frasers’ SportScheck takeover thrown into doubt, Central underlines commitment

Amid the ongoing reports of trouble at Austrian firm Signa Group, the potential impact of the company’s financial crisis is beginning to unfold in the wider business landscape. Signa, one of the co-owners of British department store Selfridges, is understood to be bringing in restructuring experts to help navigate the situation it has found...

Business

Frasers Group acquires German sports retailer SportScheck

Another day, another acquisition for Frasers Group. This time the British fashion giant has snapped up German sports retailer SportScheck for an undisclosed sum as it looks to boost its presence in the market. SportScheck, formerly owned by Signa Retail Department Store Holding GmbH, is a leading figure in the German sportswear market, with a...