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Sportex Buys Sportringen

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HALMSTAD, Sweden – Swedish buying group Sportringen, which had been in difficult financial waters for some time now, has been bought by its competitor, Sportex. A chain of sports stores which specialize in bicycles and footwear, Sportex will now have a network of 68 shops, with a retail turnover of €80 million. The reason Sportex […]

HALMSTAD, Sweden – Swedish buying group Sportringen, which had been in difficult financial waters for some time now, has been bought by its competitor, Sportex. A chain of sports stores which specialize in bicycles and footwear, Sportex will now have a network of 68 shops, with a retail turnover of €80 million. The reason Sportex was able to afford such an acquisition is a new investment by Swedish pension fund AP. New plans include the opening of 5 more stores under the Sportex name this year.(MH)

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