Banks and creditors having declined to approve its restructuring plan, Intersport Spain has been ordered by the court in Barcelona to enter liquidation, as Palco23 reports.
The company – consisting of Intersport S.L., Intersport Retail One and Intersport CCS – filed for insolvency in February. Among the elements of the failed restructuring plan were a merging of the sub-companies and the entry of a new investor, possibly Intersport France or Turkey’s Eren Holdings, but these negotiations have come to naught.
Intersport Spain’s 130 stores operating in Spain are to remain open through the summer, although the company’s website was taken offline at the start of the season.
Intersport Group is a buying group with headquarters in Berne, Switzerland, and about 5,400 points of sale in 42 countries. Intersport Spain is headquartered in Rubí, Barcelona province. According to Palco23, the latter managed to improve its revenues in FY24 by 2.1 percent, to €14 million.
