SportScheck GmbH is reacting to the current situation of its previous shareholder Signa.
The reports about the Austrian conglomerate Signa continue. After several construction stops, the insolvency of the online sporting goods retailer Signa Sports United NV (SSU) as well as a possible withdrawal of the founder René Benko as chairman of the advisory board of Signa Holding GmbH and speculation about the sale of the Selfridges shares, media such as the British newspaper reported on it that the sale of SportScheck could now also falter. SportScheck CEO Matthias Rucker reported this in a short message on Monday.
“We have a sustainable and solid transformation plan that will remain in place. SportScheck has not filed for bankruptcy,” said Rucker. “We undoubtedly note the news from our shareholder – the Signa Group – and the developments there with concern. We are currently not affected by these developments, even if the market suspects otherwise.”
SportScheck is working with Benko and Signa as well as the British trading group Frasers Group Plc, which wants to take over the sports retailer, on a quick closing of the planned takeover, it is said from Munich. The takeover is currently subject to approval by the antitrust authorities, which is expected by the first quarter of 2024 at the latest. Through the takeover, SportScheck is expected to benefit from Fraser’s financial strength and grow across Europe.