Cisalfa Sport takes over SportScheck’s activities and strengthens its position in Germany

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Cisalfa Sport consolidates its positions in Germany and takes over the activities and sales points of SportScheck, a company involved in the collapse of the real estate parent company Signa Holding, which also owns the Chrysler Building in New York. SportScheck will maintain the use of its brand and its commercial individuality based in Munich, while it will be able to benefit from the synergies and economies of scale of the Cisalfa Group, the largest Italian sportswear retailer with over 150 stores in Italy and 50 stores in Germany through the subsidiary Sport Voswinkel. The decision of the German Antitrust will be known by April and after the green light the operation will be finalized and should take place by June. «We believe that this operation will allow us to further increase our presence in Germany and also in the DACH area (Germany, Austria, Switzerland – says Boris Zanoletti, General Director of Cisalfa Group who made use of the support of the advisor Clearwater International in the operation – Thanks to our long experience in managing companies in this sector, we aim to quickly bring SportScheck back among the premium players in sports retail.”

SportScheck is a historic German brand with over 30 stores in Germany and is also active online in the DACH area. «The last few weeks of negotiations have been very intense after the opening of the insolvency proceedings and Cisalfa Sport is a very successful and long-term oriented sportswear retailer, capable of providing SportScheck with the correct strategic approach and interesting growth opportunities -explains Matthias Rucker, CEO of SportScheck -. I am very pleased that the entire SportScheck team has the prospect of continuing all strategic sporting goods retail projects in the DACH area in the coming years.”

In the last available financial year 2022/2023, Cisalfa Sport achieved rivals for more than 650 million euros and an Ebitda of 9% for over 60 million and a net profit of more than 35 million.

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