Spar divests Hervis following restructuring and ongoing debt reduction
The announcement that Austrian Spar sold its domestic sporting goods chain Hervis, including all 134 existing stores in Austria, Slovenia, Croatia and Bavaria, marks a major shift in bicycle retail for Central Europe. The agreement, concluded this week, includes the transition of all employees. This move comes after the Austrian sporting goods retailer, which also sells a range of bicycle products, announced a "restructuring offensive."



















