2023-04-27 09:33:38 ET
Skechers ( NYSE: SKX ) on Thursday inked a deal to buy Sports Connection, its distributor in Scandinavia, for an undisclosed sum, as the footwear maker expands its brand reach in Europe.
The deal includes Sports Connection's 58 existing Skechers retail locations, several e-commerce solutions as well as over 1,600 wholesale customers in the Scandinavian region.
Sports Connection will become a wholly-owned subsidiary of Skechers, once the deal closes, and will focus on growing the brand in Denmark, Finland, Norway, Sweden, Greenland and the Faroe Islands.
Financial details of the deal were not disclosed.
For further details see:
Skechers buys its Scandinavian distributor to boost brand reach in Europe