Intersport Spain will either come to terms with its creditors by Sept. 1 or face liquidation, according to TradeSport. The rescue plan for the ailing retailer, and its 130 stores in the country, comes in four parts:
- relief of 30 to 70 percent of its debt, with a repayment schedule of up to ten years
- a merging of its many companies, to simplify structure and management
- an overhaul of operations to refocus them on profitability
- the entry of a new investor
The companies to which part two alludes are Intersport S.L., Intersport Retail One and Intersport CCS. The possibilities for the new investor in part four include Intersport France and Turkey’s Eren Holdings, which purchased Intersport’s Turkish activities from Fourlis Group in 2023.
Intersport Spain filed for insolvency in February and was granted a four-month extension of its credit.
