HomeAcquisitionsShoe shop giant Spartoo buys its UK competitor Rubbersole.co.uk

Shoe shop giant Spartoo buys its UK competitor Rubbersole.co.uk

Spartoo.com, one of Europe’s leading online shoe stores, is certainly charging forth with its international development. Most recently the young company announced that it has bought its English competitor www.rubbersole.co.uk, which was founded in 2004, in a deal whose financial details have not been disclosed.

Spartoo was founded in 2006 and is headquartered in Echirolles, France. In 2009, the shoe shop launched in the UK, and in the first few 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.

Boris Saragaglia, the CEO of Spartoo, said of the acquisition: “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.”

The young company is confident that it will achieve a turnover of €100 million in 2011, in contrast with €60 million in 2010.

By the way: If you are interested in getting unlimited access to our full editorial archive, our startup database, and many other CLUB benefits, consider joining our EU-Startups CLUB.

Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).


Comments are closed.

Most Popular