Spartoo Announces the Completion of Its Acquisition of a Minority Stake in the French Responsible Brand SAAJ
01 Août 2022 - 07:30AM
Business Wire
Regulatory News:
Spartoo (ISIN code: FR00140043Y1 - mnemonic: ALSPT), one
of the leading online retailers for fashion items in Europe,
announces the completion of its acquisition of a minority stake in
the French responsible brand SAAJ notably through a capital
increase.
On June 28, 2022, the Group announced the signing of a firm
offer to acquire a minority stake in this fast-growing French
digital native brand, this investment should enable it to
accelerate its development.
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Next financial publication Gross
merchandise value and half-year results 2022, October 3, 2022 after
market close
About Spartoo
With 10,000 brands and more than 1.2 million items, Spartoo
offers one of the widest selections of fashion items (footwear,
ready-to-wear, bags) in more than 30 countries in Europe, thanks to
its team of more than 400 employees of nearly 30 different
nationalities. In 2021, the Group generated a GMV (Gross
Merchandise Value) of €214 million, 41% of which was generated
internationally. With an integrated logistics platform and
after-sales service, Spartoo stands out for its customer-centric
approach, as evidenced by a very high customer satisfaction rate.
The strategy is based on the strong synergies between the online
sales model and the advantages of physical stores, which support
loyalty and brand awareness. Capitalizing on its e-commerce
know-how, Spartoo has also developed a complete range of services
for professionals.
Visit the Group’s websites: www.spartoo.com
www.spartoo-finance.com
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