FRANCE: Go Sport and Sport 2000 to pool purchasing ops
Go Sport and Sport 2000, respectively France's third and fourth biggest sportswear retailers behind Decathlon and Intersport, are to pool their international purchasing activities.
The companies are setting up a 50:50 jointly owned and controlled company named, "International Sports Retail Development" (ISRD).
The new entity's scope of activity will cover the common suppliers of international brands, representing less than 30% of each partner's respective suppliers and more than 70% of their respective purchases.
"The main mission of ISRD will be to manage, in the name of and on behalf of the two partners and their affiliates in France and abroad, the commercial negotiations with these international suppliers. Moreover, ISRD will develop new, high value added services for these suppliers," a joint statement said.
However, the two companies "will maintain the complete independence of their respective commercial and network development policies," it added.
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