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Intersport acquires big East German retailer

intersport_generalIntercontact, the acquisition vehicle of Intersport Germany, has agreed to buy Sportpoint Holding and its subsidiaries with immediate effect. Sportpoint is a leading retailer in the Eastern part in Germany where the company currently runs 17 outlets and a total of 16,000 square meters of selling surface. Its majority shareholder until now, Wolfgang Rossow, was one of the first movers in sporting goods retailing after the fall of the Berlin Wall. Rossow has now decided to slow down to some extent and has, therefore, decided to sell his shares to Intersport. It is said, however, that he might launch a new company to operate some sports stores in the region, but on a smaller scale.

 

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