GCA Altium advises KICKZ on the sale to Zalando
KICKZ, founded in 1993 by Christian Grosse, opened its first retail store in Munich the same year and then launched its online shop in 1999. Today, KICKZ, which is headquartered in Munich, operates 15 retail stores in major German cities and offers over 10,000 listed products via its online platform and stores.
Zalando, Europe’s leading online fashion platform, offers its customers a convenient one-stop shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, as well as free delivery and returns. Its assortment of over 1,500 international brands ranges from popular global brands to fast fashion and local brands, complemented by its private label products. Zalando is listed on the Frankfurt Stock Exchange and generated revenues of €3.6 billion in 2016. Through the acquisition of KICKZ, Zalando will further expand and strengthen its position in the sports and lifestyle segment, especially in basketball.
Christian Grosse, CEO and Founder of KICKZ, commented: “With Zalando, we have gained a strong partner with a fantastic infrastructure and vision. KICKZ is and will continue to be basketball. We have the sneakerheads, camp-outs in front of the stores, limited and hot products. Zalando knows technology, logistics and marketing like no other. They have around 20 million active customers – with the acquisition by Zalando, we can expand our reach and focus on further developing our brand. I’m looking forward to what’s going to happen and I’m convinced that together with Zalando, we can build the best omnichannel shopping experience for all basketball and sneaker fans in Europe.”
David Schneider, Co-Founder and Member of the Management Board of Zalando, said: “We are very happy to join forces with KICKZ and believe that this acquisition and strong partnership ties nicely into our platform strategy. If we see opportunities in the fashion industry to bring together different parties with unique expertise in a certain area, we aim to utilize the potential by combining both partner’s strengths. KICKZ is especially strong in the area of basketball, with exclusive product availability and a strong customer base which we can connect to our operational and technological backbone. Our customers would get access to the latest products they would only find in very selected destinations, and exciting content in a dedicated basketball world within Zalando curated by KICKZ.”
GCA Altium acted as exclusive financial advisor to KICKZ and its shareholders. The deal underpins GCA Altium’s extensive track record in the Retail and Online space, with 24 completed transactions in the last 2 years. Terms of the transaction were not disclosed and the acquisition is subject to approval by the antitrust authorities.