Green light.

The Competition Authority has given its “unconditional” agreement to the takeover by Bordeaux businessman Michel Ohayon, via his FIB fund, of the Go Sport sign for a symbolic euro.

"Given the positions held by the parties on the markets concerned by the transaction", it "is not likely to harm competition", indicates the Authority, which therefore "authorized it without condition ”.

The brand specializing in the distribution of sporting goods, launched in 1978, was bought in 1990 by Rallye, the heavily indebted parent company of the supermarket chain Casino.

Go Sport employs around 2,000 people and reports a turnover of 625 million euros for the year 2019. For its part, the Competition Authority mentions "a turnover of more than 300 million euros ”in its press release, without specifying the year concerned.

Michel Ohayon is now at the head of 800 stores in France

In France, Go Sport indicated in mid-March to rely on a network of 85 own stores and 48 affiliated stores.

It also operates the Endurance Shop brand, with 45 affiliated stores.

Abroad, the brand is present through 45 stores, notably in Qatar, Oman, Morocco and Jordan.

At the end of June, the Competition Authority had already given its agreement to the takeover by FIB of 21 French stores from the American ready-to-wear brand Gap.

The offer was for the takeover of "a minimum of 358 employees" out of 372, the group said.

Michel Ohayon had already taken over, in August 2020, 511 stores of the female ready-to-wear brand Camaïeu.

This investment fund, also present in luxury hotels (Grand Hôtel de Bordeaux, Waldorf Astoria Trianon Palace Versailles) and wine, had also acquired 22 Galeries Lafayette franchises in the regions in 2018. It “is also active in the toy distribution sector via Ludendo Entreprises SAS and its subsidiaries (La Grande Récré, Jouetland in particular) ”, specifies the Competition Authority.

Economy

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