Leder & Schuh has sold its German retail park operations to Kienast Group
Leder & Schuh AG, one of the predominant European shoe retail companies, headquartered in Graz, Austria, has sold its German retail park activities operated under the Shoe4You (52 stores) and Jello (2 stores) brands to Kienast GmbH & Co. KG (“Kienast”), the owner-managed German shoe retail specialist. With this strategic acquisition, Kienast broadens its brand portfolio and significantly strengthens its market position. The parties agreed not to disclose any further details related to this transaction. Werner Weber, member of the executive board of Leder & Schuh AG, highlights, “The disposal of our German retail park operations is a significant milestone in the ongoing process of our strategic repositioning. Lincoln International’s professional M&A advice and sector expertise were highly instrumental in achieving our ambitious goals by executing this transaction.”
Lincoln International acted as exclusive mergers and acquisitions advisor to Leder & Schuh AG for this transaction.
Shoe4You is a successful shoe retail format in the retail park segment. Shoe4You offers a comprehensive product portfolio of leading industry and proprietary brands with distinctive value-for-money characteristics for the whole family. Its highly attractive stores are characterized by good accessibility in retail park locations, a modern shopping ambiance as well as convenient shop layouts. Shoe4You has been active in Germany since 1994.
Leder & Schuh AG is a leading shoe retail chain in Austria. With approximately €500 million in revenues, Leder & Schuh AG is the market leader in Austria for shoes and fashionable accessories retail. Apart from Austria, the Company is active in nine additional European countries. Its retail portfolio comprises leading brands such as Humanic, Dominci, Jello, Shoe4You and Stiefelkönig. The Company employs approximately 3,200 people in 321 locations.
Kienast Group is a leading shoe retail chain in Germany. Kienast Holding GmbH & Co. KG, headquartered in Wedemark near Hanover, operates approximately 370 stores under the K+K Schuh-Center, ABC Schuh-Center, street shoes and Claudio Schuhe brands, and employs approximately 2,000 people. With its 60-year heritage and roughly 7 million sold pairs of shoes per year, the family company is one of today’s biggest shoe retail specialists in Germany.
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