Frasers Group to acquire SportScheck from Signa Retail Department Store.

Frasers Group, a retail company that serves consumers with sports, premium, and luxury brands, agreed to acquire SportScheck, a sports retail chain, from Signa Retail Department Store, a chain of department stores and sports equipment retail stores. Financial terms were not disclosed. "Acquiring the leading sporting goods retailer in Germany is a big step in our journey to becoming the number one sports retailer in EMEA - and we are delighted to do this with the full support of major global brand partners, Adidas and Nike. Growing and expanding our Sports business is a key focus area in becoming an international retail business. The German market represents a huge opportunity for us, and we look forward to bringing our experience, resources and relationships to strengthen the SportScheck business," Michael Murray, Frasers Group CEO.