Spartoo.com, one of Europe’s leading online shoe stores, is still carrying on with its international development, with an increase of more than 350 % in 2011 in Europe, especially in the United Kingdom. Most recently, the young company has announced that it bought its English competitor www.Rubbersole.co.uk (founded in 2004) ealier this year. Financial details of this acquisition have not been disclosed yet.
Boris Saragaglia, CEO of Spartoo, stated: “Spartoo has purchased its English competitor, Rubbersole.co.uk, to gain more market shares. International development has strongly increased the group’s growth in 2011. I’m proud to have built a European company.”
Spartoo was founded in 2006 and is headquartered in Echirolles (France). 2009 the shoe shop launched in the United Kingdom. In the first months of 2011 Spartoo.com sold more than one million pairs of shoes in Europe. Each of Spartoo’s 20 foreign websites is translated into the native language and uses local logistics.
The young company is confident that it will achieve a turn-over of 100 million of Euros in 2011, in contrast with 60 million of Euros in 2010. And it will reach 150 people by the end of 2011 with 15 nationalities.