Garant Schuh + Mode AG
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GARANT Complete Take-Over of SALAMANDER Chainstore Group
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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GARANT Complete Take-Over of SALAMANDER Chainstore Group
Düsseldorf, October 1, 2003 – As of October 1, 2003, GARANT SCHUH + MODE AG has
taken over SALAMANDER AG’s retail chainstore group, which comprises 230 footwear
stores across nine European countries. Furthermore, GARANT has also acquired the
rights to the SALAMANDER brand and a licence for the children’s shoe brand
LURCHI. By implementing this measure, GARANT SCHUH + MODE AG is further
expanding its position as the leading retailer’s group in the European
independent footwear and leatherwear sector through the affiliation of the
chainstore network of a globally operating retail group. SALAMANDER’s shoe
factory in Hungary, which formed part of the take-over package, has now been
sold to the Austrian shoe producer HÖGL since GARANT – as a purely specialist
retailers’ group – has no interest in pursuing shoe manufacturing activities.
GARANT board member Benno Siebert has been appointed as Commercial Director and
future Chairman of the Management Board of SALAMANDER SCHUH GMBH. Siebert, who
during the Nineties developed the GARANT subsidiary GOLDKRONE into Europe’s
leading player in the European specialist leatherwear sector, will transfer from
Düsseldorf to Kornwestheim as of January 1, 2004. The decision on the
appointment of directors for the marketing und distribution divisions will be
announced shortly.
The failure of the planned merger of affiliated German GARANT dealers with
retailer’s association SABU, which is also based in Kornwestheim and which
operates exclusively in Germany, is in no way related to the take-over of the
SALAMANDER AG’s footwear operations.
In addition to the 230 Salamander footwear stores, some 5000 independent retail
dealers operating in the sectors for footwear, sport, leisure, leatherwear and
accessories, are now affiliated to the GARANT Group. These independent dealers
operate 6,850 specialist stores in 15 European countries, generating a retail
turnover of around 3.8 billion euro.
Further information:
GARANT SCHUH + MODE AG
Jenny Bleilefens
Investor Relations
Telefon: +49 (0)211/3386-311
Fax: +49 (0)211/3386-332
E-Mail: jbleilefens@garantschuh.com
Internet: http://www.garantschuh.com
end of ad-hoc-announcement (c)DGAP 01.10.2003
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WKN: 585303; ISIN: DE0005853030; Index:
Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard);
Freiverkehr in Berlin-Bremen, München und Stuttgart
011118 Okt 03
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