Frasers Group acquires Dutch sports retailer
British fashion and retail company Frasers Group have entered into a contract to acquire the physical shop premises and all shares of sports fashion chain Twin Sport Holding. In addition, Frasers Group is also in negotiations to acquire over 10 former shop locations of bankrupt Sports Unlimited.
Twin Sport is part of the Intersport franchise, has 17 shops in the Netherlands along with a webshop. With that, the company generated around €75 million in turnover in 2023.
Frasers Group is also in negotiations to acquire over ten former shop locations of sports retailer Sports Unlimited Retail, known for Perry Sport, Sprinter and Aktiesport. Sports Unlimited - owned by JD Sports - was declared bankrupt in December.
The acquisition of both Twin Sport and the possible takeover of the former Sprinter shops will increase the presence of Frasers Group's sports shops across the Netherlands. Currently, the holding company already operates in the Netherlands as owner of Sports World. That brand has five shops spread across the Netherlands.
Rick van Schaik, CBRE: "The Dutch user market for sports gear and clothing is thriving. We experience a growing health and wellness culture in our market as well as an increasing popularity of athleisure. Athleisure refers to a style of clothing that combines elements of athletic wear with casual or everyday fashion. The transaction by the Frasers Group highlights the potential of this retail segment in our market. Next to the take-over of Twinsport we are working with Frasers to take over multiple former Perry Sport locations."
CBRE Netherlands advised Frasers Group.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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