Snipes Acquires Courir Stores in France and Portugal
Deal News | Mar 14, 2025 | Osborne Clarke
Snipes SE, part of the Deichmann Group, has acquired 21 branches of the French sneaker chain Courir, expanding its presence in France and Portugal. The acquisition includes 15 locations in France and six in Portugal, increasing Snipes' store count to 51 in France and 12 in Portugal. The deal was conditionally approved by the European Commission after the recent acquisition of Courir by JD Sports Fashion. Osborne Clarke provided legal guidance for Snipes, with a team led by Sebastian Hack handling international coordination and compliance with antitrust regulations. The acquisition is part of Snipes' global growth strategy, emphasizing its expansion in key European markets.
Sectors
- Retail
- Fashion
- Legal Services
- Antitrust
Geography
- France – The acquisition involves 15 Courir stores in France, and Snipes has increased its French store count.
- Portugal – The acquisition includes six Courir stores in Portugal, impacting Snipes' business operations in the country.
Industry
- Retail – The article pertains to Snipes SE's acquisition of retail locations, emphasizing the expansion of storefronts in Europe.
- Fashion – The focus is on sneaker and streetwear retail, indicating its relevance to the fashion industry.
- Legal Services – Osborne Clarke's involvement reflects the legal advisory services provided for the acquisition process.
- Antitrust – Antitrust implications were significant in this transaction as both the European Commission and French competition authority had to approve the acquisition, reflecting the industry's relevance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Snipes SE | Bidding Company | Company | A leading streetwear and sneaker retailer, part of the Deichmann Group. |
| Courir | Target Company | Company | A French sneaker retail chain recently acquired by JD Sports Fashion. |
| JD Sports Fashion | Selling Company | Company | A listed company that recently acquired Groupe Courir. |
| Osborne Clarke | Legal Advisor | Company | A law firm that advised Snipes on the acquisition. |
| European Commission | Regulatory Authority | Government | Approved the remedy package and acquisition deal conditions. |
| French Competition Authority | Regulatory Authority | Government | Ensured compliance and approved Snipes' acquisition of Courir stores. |