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Cisalfa To Buy Giacomelli?

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RIMINI, Italy (October 16th) – A rumoured €13 million is being offered for 80 of the 120 Giacomelli stores in Italy. Cisalfa Sport’s offer comes at a time when the shareholders of the Giacomelli group have decided to place their company in liquidation – and formally requesting the government to help pay the wages of […]

RIMINI, Italy (October 16th) – A rumoured €13 million is being offered for 80 of the 120 Giacomelli stores in Italy. Cisalfa Sport’s offer comes at a time when the shareholders of the Giacomelli group have decided to place their company in liquidation – and formally requesting the government to help pay the wages of their 3000+ employees. Condition is that the transaction takes place before November 15th – since suppliers will only accept c.o.d. at the moment – and the important X-Mas season is not missed sales-wise. Cisalfa is not the only one interested in the spoils of Giacomelli: Sportler is preying on the stores in the North of Italy, but this is being made difficult in some cases as Giacomelli has not been able to pay the rental fees on some locations.(MH) source:SGI

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