Snipes has acquired 21 stores from the French sneaker retailer Courir, expanding its presence and aligning with its global growth strategy.
Information on the Target
Snipes SE, founded in 1998 in Essen and headquartered in Cologne, is a prominent retailer specializing in streetwear and sneakers from well-known brands. With around 800 physical stores and an online shop, Snipes has expanded across Europe since 2007 and entered the U.S. market in 2019. The company has been a member of the Deichmann Group since 2011.
Recently, Snipes has made a significant acquisition of 21 locations from the leading French sneaker retailer, Courir. This acquisition comprises 15 stores in France and six in Portugal, ultimately bolstering Snipes' store count in these countries.
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Industry Overview in France
The sneaker retail market in France has witnessed rapid growth over recent years, driven by evolving consumer preferences for athletic and casual footwear. The rise of sneaker culture amon
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