Bergzeit, the German online and offline outdoor retailer acquired by the Oberrauch family in 2012, is setting up a new administrative building and a distribution center with a total floor space of 10,000 square meters, which is scheduled to be opened in September 2017. Reportedly, the company's online sales, which tripled over the last four years, account today for 85 percent of its total sales. The remaining 15 percent is generated by its two stores in Holzkirchen-Grosshartpenning and Gmund at Tegernsee, near Munich. There are currently no plans for additional stores. The new building will cost about €13 million for Bergzeit's parent company, the big Italian Sportler chain of sporting goods stores.
Related articles
-
News briefsGreen Theme Technologies secures $6m for expansion
The US sustainable textile and materials science company raised funding to advance eco-friendly technologies for various high-performance markets.
-
ArticleAccell Group secures creditor support for recapitalization
The company’s creditors approved the restructuring plan, paving the way for recapitalization implementation.
-
News briefsNewell Brands prices $1.25bn in notes to refinance debt and extend maturity profile
The parent of Marmot, Coleman, Contigo and Campingaz has announced $1.25 billion in new notes to refinance existing debt, supporting longer-term financial flexibility.