Intersport Deutschland to acquire a minority stake in Unitex.

Intersport Deutschland, a German sports retail cooperative, agreed to acquire a minority stake in Unitex, a German fashion retail buying and service cooperative that provides centralized purchasing, payment, and support services to its network of affiliated fashion retailers. Financial terms were not disclosed. "With our BEST IN SPORTS: UP FOR FUTURE strategy, we are pursuing clear goals for both organic and inorganic expansion until 2030. I am therefore delighted with the successful investment in unitex: This is a significant next milestone, as together we are strengthening our market presence. Unitex operates in a stable market, has a clear market position, and sustainable growth potential. Looking ahead, we will further solidify INTERSPORT Germany's market leadership and continue to expand our group with careful consideration," Alexander von Preen, INTERSPORT Deutschland CEO.