A major Russian retailer, Sportmaster Group, which operates stores in Russia, China and the CIS countries, is preparing to enter the European market by purchasing 33 stores of Go Sport Group in Poland, Kommersant writes with reference to the group’s counterparty.
The upcoming deal is also reported by the Polish media. Go Sport Poland is part of the French Go Sport Group. The acquisition of a retail network in Poland will enable the company to enter the European market. The Sportmaster does not comment on the transaction. Experts note that access to Europe will help reduce the economic and political risks for the group and increase its investment attractiveness.
According to FashionUnited, the annual turnover of the Polish fashion market is about $ 12 billion, all EU countries - $ 441 billion.
Infoline-Analytica CEO Mikhail Burmistrov estimates the deal with Go Sport Poland at up to € 40 million.
Sportmaster Group of Companies Is a large Russian retailer specializing in the sale of sporting goods. Founded in 1992 by Nikolai and Vladimir Fartushnyak and Dmitry Doykhen. According to its own data, it includes more than 500 stores in Russia, Belarus, Ukraine, Kazakhstan and China. Also operates the Columbia and Skechers franchise chains in the Russian Federation. According to Infoline-Analytica, in 2018 the group's revenue grew by 20,3% to RUB 110,9 billion. excluding VAT year on year. In January-June 2019, Sportmaster's turnover increased by 7% to RUB 51,6 billion. without VAT.