Intersport France wins the acquisition of Go Sport

It is the end of a long suspense and the beginning of a new era for the employees of Go Sport, after the expected decision of the commercial court of Grenoble (Isère). The group will now pass into the hands of Intersport France, which was selected from among the twenty offers submitted. “Intersport has offered the best offer, both for the safeguard of employment and for the acquisition price”, explained François Touret-de-Coucy, assistant prosecutor. Intersport had agreed to take over 72 stores and 1,446 employees out of 1,574, as well as 185 headquarters employees. Price of the bet, 35 million euros. For this, the group has teamed up with the Qatari company Al Mana.

No monochrome bis

Intersport was really in competition with only one other entity, British Frasers, but the Go Sport unions had not hidden their concerns over this other offer, fearing store closures and short-term layoffs. Go Sport will therefore no longer be the property of Michel Ohayon. The Bordeaux businessman had thought of presenting a recovery plan to save his group before giving it up. A decision which had relieved the company’s employees who claimed to fear that Go Sport would end up like Camaïeu, another of Michel Ohayon’s brands, placed in compulsory liquidation at the end of September.