Germany: Salamander and Klauser have found a new owner
German shoe retailers Salamander Deutschland GmbH & Co KG and Schuhhaus Klauser GmbH & Co KG have found a new owner. Prime Footwear Investors AG, supported by a group of experienced managers and retail experts, has acquired control of two companies that have been subject to insolvency proceedings since December 2022.
The acquisition of Prime Footwear occurred as part of a bankruptcy plan under which both companies will remain under the control of Prime Footwear, which will act as the new shareholder. With the addition of Prime Footwear, approximately 1000 jobs will be retained in the current 65 branches, as well as at the company's headquarters and logistics center in Wuppertal, Germany.
Prime Footwear Investors AG is a team of experienced managers with deep knowledge of the footwear industry, as well as renowned experts in the retail sector: the main shareholders are Franz W. Wiest, the Brandstätter-Finger family and Convergenta Beteiligungsgesellschaft. In addition, entrepreneurs Peter Prange, Günther Althaus and Lothar Schäfer are taking part in the project.
As shoez.biz writes, the goal of the group of investors is the long-term development and modernization of the shoe retail company. In a first step towards modernization, Salamander/Klauser became the first shoe retailer in Germany to introduce the revolutionary omnichannel concept, which combines online and offline shopping in an unconventional way. The concept is designed to give customers the ability to seamlessly switch between store offerings and products from online sales partners. At the same time, active cooperation with suppliers will be resumed.
German shoe retailers Salamander Deutschland GmbH & Co KG and Schuhhaus Klauser GmbH & Co KG have found a new owner. Prime Footwear Investors AG, supported by a team of experienced managers and experts…
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