Clearwater International advises INTERSPORT Deutschland on the sale of Sport Voswinkel to Cisalfa Sport
Clearwater International has advised INTERSPORT Deutschland eG (INTERSPORT Deutschland), a market leader in sports retail across Germany, on the sale of its subsidiary, Sport Voswinkel GmbH & Co. KG (Sport Voswinkel), to Cisalfa Sport S.p.A. (Cisalfa Sport), the leading Italian sports retailer.
Founded in 1956 and based in Heilbronn, Germany, INTERSPORT Deutschland is the largest, national association within the INTERSPORT Group. It has more than 800 members, who together operate around 1,700 specialist sports stores.
Founded in 1904 with headquarters in Dortmund, Germany, Sport Voswinkel operates 50 sports stores across Germany through the INTERSPORT Voswinkel brand. Sport Voswinkel is one of the largest members of INTERSPORT Deutschland and belongs to the leading German sporting goods retailers, with approx. €100m of revenues in the fiscal year 2021/22.
Cisalfa Sport is the main Italian sports retailer, with over 150 stores across Italy, and is already part of the INTERSPORT Group. Since 1988, the company has been committed to spreading the culture and values of sports at every age and level of expertise. With more than 250 different brands, an omnichannel presence, and its know-how as well as competencies in the sports field, Cisalfa Sport can get up to speed on the evolving needs of its customers.
Cisalfa Sport is buying all 50 of Sport Voswinkel’s locations across Germany and will thereby enhance its international expansion plans by entering the German market, also simultaneously further strengthening its collaboration with the INTERSPORT network. INTERSPORT Deutschland and Cisalfa Sport have entered into a long-term partnership, where Cisalfa Sport will continue to receive services from INTERSPORT Deutschland through Sport Voswinkel.
With the successful sale and following the process of an outstanding repositioning of Sport Voswinkel, INTERSPORT Deutschland will further focus on its growth and development plans according to the “Best in Sports: Up for Future” strategy while stepping back from its own retail.