Vivarte (La Halle, Minelli, San Marina, CosmoParis and Carroll) had revealed in January, the holding of exclusive negotiations with Spartoo, specialized in the online sale of shoes, to give André, on the strength of some 120 shops, including 116 own, and whose turnover amounted to 100 million euros in the previous year. Monday, Vivarte has “confirmed the purchase of the brand André”, founded in 1896 by the Nancéen Albert Lévy, Spartoo, the two companies performing together “a consolidated turnover of close to 250 million euros equally distributed between its network of physical stores and its Internet activity,” according to the press release.
Spartoo “agrees to assume all of the shops, Andrew and their staff of 700 employees,” the press release to the effect that a single shop is not concerned by the recovery. “The merger will help maintain the brand André, while continuing to market only footwear and sell the brand André for a significant part of the assortment in its stores”, wishes to emphasize Vivarte.
Points click&collect for the customers
The press release states that, “in addition, international brands will be included in the catalogue of Andrew. The tablets will allow customers to André to have access to all the group’s products Spartoo, and the shops Andrew will be transformed into point +click & collect+ (delivery of products ordered online, editor’s NOTE) to the group’s customers, Spartoo”.
In April, the competition authority had given its green light to the operation.
At the same time, Vivarte is in exclusive negotiations to sell its subsidiary Besson Shoes at Weinberg Capital Partners, a French fund of investment led by two former PPR, and the group Philippe Ginestet (Tati, Gifi). The group also announced in April that it was his brand of ready-to-wear Naf Naf to a consortium of chinese.