The global sneaker retailer Sneakersnstuff (SNS), which went into bankruptcy two weeks ago, is close to getting a new owner.
The trendy and globally well-known sneaker retailer Sneakersnstuff (SNS) went into bankruptcy on Jan. 17, after topping €1billion in revenues just some years ago. But for a strong brand, there is always some new interest.
SNS looks like it will soon have a new owner. The appointed bankruptcy trustee Mikael Kubu has now announced that there is great interest in the bankruptcy estate and has confirmed to the fashion site Habit that final negotiations are underway.
It has not yet been revealed which party will finally take over the business, but Kubu says that a deal could be just days away. Bids have been made for the entire bankruptcy estate and, according to Kubu, there has been intense bidding.
The bankruptcy included both SNS AB and the parent company, SNS Group AB, and therefore the e-commerce business, store operations in Stockholm and subsidiaries operating stores in Paris, London and Berlin.
