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EK-Servicegroup acquires majority of Euretco

bannerRWThe idea of a merger was announced back in January. EK-Servicegroup, the German multi-industry buying organization, has now agreed to acquire three quarters of the shares in Euretco, the Dutch licensee of Intersport and owner of the retail banners Runnersworld and Coach. The latter is being transformed into The Athlete’s Foot, a franchise concept owned by Intersport International. Reportedly, the combined turnover of the new combination is about €2.2 billion generated by more than 4,000 retailers. While the operating management in the Netherlands is said to remain unchanged, two EK executives will move onto Euretco’s supervisory board.

 

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