Regulatory News:
This press release cannot be published,
transmitted or distributed, directly or indirectly, in the United
States of America, Canada, Australia, or Japan
Groupe GO Sport (Paris:GSP) and Sport 2000 France decided to put
an end, as from spring/summer 2013 negotiations, to their
purchasing cooperation, under the shared entity « International
Sports Retail Development » (ISRD) they created in October
2009.
The application and follow-up of 2012 contracts signed by ISRD,
in the name and on behalf of Groupe GO Sport and Sport 2000 France,
will be carried out until their full completion.
Groupe GO Sport simultaneously announces the signing of a
purchasing cooperation agreement with the Austrian group Hervis
Sports, one of the leading sporting goods retailers in Eastern and
Central Europe. The newly founded company through this agreement
will be subject to Swiss law. This partnership, with increased
international scale, will cover 8 countries across Europe, in which
both groups are not direct competitors, through an integrated
network of almost 500 stores.
This new entity will be the single point of contact of suppliers
and will conduct, in the name and on behalf of both partners,
commercial negotiations with suppliers of international brands,
starting with the 2013 spring/summer collection. Furthermore, it
will provide international, high-value services for suppliers.
Groupe GO Sport and Hervis Sports will maintain fully
independent commercial strategies.
This international partnership will allow both partners to
improve their supply conditions, thus reinforcing their price
competitiveness in relation to sector competitors, and to develop
their market shares in France and internationally.
Groupe GO Sport and Hervis Sports, as international brands
partners, will increase their visibility in 8 countries and will
offer them new market shares. Both partners complement each other
strategically and geographically, enabling suppliers to target all
types of clients through a modern and sports-centered offering,
ranging from entry-level to higher-end products and showcased in
high-quality locations, both in city centres and shopping malls.
The partnership will also help to offer international suppliers new
and high-value services (such as extensive market studies, product
tests, multi-country/banner communication campaigns or brand
displays in market segments in which they are little-known).
Industrial partnerships will also be developed with suppliers,
in order to provide customers with innovative and exclusive
products. Groupe GO Sport’s and Hervis Sports’ clients will thus
benefit from a wider choice of international brands products, at
more competitive prices.
Based in Geneva, the shared entity will be led by a General
Manager, Max Ackerer, and two Deputy General Managers, Benoît
Verdier, representing Groupe GO Sport, and Siegwald Haas,
representing Hervis Sports, under the supervision of Valérie
Delpech and Gerhard Bradler, respectively purchasing executive
director at Groupe GO Sport and executive director of marketing and
purchase at Hervis Sports.
François Neukirch, General Manager of Groupe GO Sport, declared:
« We are very satisfied with the signing of this agreement with a
partner as complementary to us as Hervis Sports. It will not only
allow us to offer our clients more products at more competitive
prices, but will also increase our suppliers’ international
visibility. This new structure will act as a cross-country launch
pad to new products or new brands, which will be developed in
partnership with our suppliers. »
Alfred Eichblatt, General Manager of Hervis Sports, declared: «
We are very happy to have such a strong partner as Groupe GO Sport.
Together we will strengthen our performance in Europe and increase
our attractiveness for the customers as well as our international
standing. »
Groupe GO Sport achieved total net sales of €680m (excl. VAT) in
2011 with its banners GO Sport and Courir, in the sporting goods
and textile retailing segments. Although based in France, its
original market, the group is also present internationally (in
Poland, Belgium, Saudi Arabia, Dubai, Guadeloupe, Martinique,
Jordan, Luxembourg, Romania, Qatar, Kuwait, Mauritius and Syria),
totaling 347 stores, including 175 GO Sport stores (of which 32
franchisees) and 172 Courir stores (of which 13 franchisees) at the
end of March 2012.
Groupe GO Sport shares are listed on the NYSE Euronext market in
Paris, compartment C (ISIN code: FR0000072456).
Hervis Sport und Modegesellschaft is a 100% owned Austrian-based
subsidiary of SPAR Oesterreichische Warenhandels-AG, one the
biggest food and non-food retailers in Austria. Hervis Sports is
one of the leading sporting goods retailers in Eastern and Central
Europe, with total sales of €447m (incl. VAT) in 2011. At year end
2011, Hervis Sports totaled 173 integrated stores over 6 countries
(Austria, Hungary, Slovenia, Czech Republic, Croatia and
Romania).
For more information, please visit the
company’s website:
www.groupegosport.com
Important Information
This document is neither an offer of securities for sale nor a
solicitation for the acquisition or subscription of securities in
the United States or in any other jurisdiction other than France.
Securities may not be offered, sold or subscribed in the United
States absent registration or an exemption from registration under
the U.S. Securities Act of 1933, as amended. Groupe GO Sport does
not intend to register any portion of the offering in the United
States, nor intend to conduct a public offering of the shares in
the United States.
This document does not constitute an offer of securities to the
public in the United Kingdom. In the United Kingdom, this document
is for distribution only to persons who (i) have professional
experience in matters relating to investments falling within
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended, the “Financial
Promotion Order”), (ii) are persons falling within Article 49(2)(a)
to (d) (“high net worth companies, unincorporated associations
etc”) of the Financial Promotion Order, (iii) are outside the
United Kingdom, or (iv) are persons to whom an invitation or
inducement to engage in investment activity (within the meaning of
section 21 of the Financial Services and Markets Act 2000) in
connection with the issue or sale of any securities may otherwise
lawfully be communicated or caused to be communicated (all such
persons together being referred to as “relevant persons”). This
document is directed only at relevant persons and must not be acted
on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this document related is
available only to relevant persons and will be engaged in only with
relevant persons.
Not for distribution in the United States, Canada, Australia or
Japan.
*****
The prospectus, filed with the French Autorité des marchés
financiers (“AMF”) under visa number 12-181 dated April
24th, 2012, consists of the document de référence of Groupe GO
Sport, filed with the AMF on March 30th, 2012 under number
D.12-0255, a securities note and a summary of the prospectus
(included in the securities note).
Copies of the prospectus may be obtained, free of charge, at
Groupe GO Sport’s head office, 17 avenue de la Falaise, 38360
Sassenage, on the Company’s website (www.groupegosport.com), as
well as on the AMF’s website (www.amf-france.org), and from Natixis
and Rotchschild & Cie Banque.
Groupe GO Sport draws the public’s attention to the risk factors
described on pages 53 to 55 of the document de référence as well as
in Chapter 2 of the securities note.
Comstock (TG:GSP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Comstock (TG:GSP)
Historical Stock Chart
From Jul 2023 to Jul 2024