Home / Knowledge / News / Apparel/Garments / SuperGroup acquires Scandinavian distributor SMAC
SuperGroup acquires Scandinavian distributor SMAC
27
Jun '14
SuperGroup announces that it has purchased the SMAC Group, which consists of SMAC A/S, SMAC Retail A/S and SMAC Norge A/S, its successful and long term Scandinavian distributor. This purchase returns to SuperGroup the rights to trade the Superdry brand in Denmark, Norway and Finland, and welcomes a strong team from SMAC, led by Stine Elmkvist and Lars Thygesen, into the SuperGroup family.
 
The acquisition of the distribution rights will assist the Group in meeting its ambitious plans for the region, by freeing it to invest its own capital in the store roll-out, improve margins on the wholesale operation and retain local operational and management expertise. Based in Aarhus, Denmark, SMAC has a footprint of 4 owned Retail stores, 8 Franchise stores and a thriving wholesale business. 
 
The business was purchased for an undisclosed sum, and paid for in cash from internal resources. 
 
Julian Dunkerton, CEO of SuperGroup, said, “The acquisition of our Scandinavian partner follows the purchase of the Spanish and German distributors last year. Our Pan-European strategy is progressing well and we will provide an update on developments at the time of our prelims on July 10. We remain fully focussed on maximising the global opportunity for the SuperDry brand.”
 

SuperGroup Plc

Must ReadView All

Apparel/Garments | On 24th Aug 2016

Myanmar & South Korea JV to set up 500-acre garment facility

Myanmar based Olympus Asia Group and South Korea’s Panko Corporation...

Apparel/Garments | On 24th Aug 2016

Clothing maintains leadership among products sold online

“Clothing has maintained its leadership among products sold online...

Textiles | On 24th Aug 2016

Intertextile Shanghai Home Textiles begins Aug 24

Intertextile Shanghai Home Textiles – Autumn Edition begins August...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
August 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search