Fenix Outdoor acquires 30% of Arctic Fox s.r.o.
March 04 2024 - 8:00AM
UK Regulatory
Fenix Outdoor acquires 30% of Arctic Fox s.r.o.
Fenix Outdoor has acquired 30% of its local Fjällräven Brand
retail partner, Arctic Fox s.r.o. Artic Fox runs six Fjällräven
Stores and online business in the Czech Republic and Slovakia.
Fenix Outdoor has an option to increase its ownership over
time.
Arctic Fox has been a long-time strategic partner in the two
countries. We have had strong collaborations with Lukas Liska, who
will remain the majority owner Arctic Fox s.r.o.
“Lukas Liska and his team in Czech & Slovakia has done a
fantastic job building the Fjällräven brand in the two countries
over the years, in close collaboration with our local team from
Fenix Outdoor Czech/Slovakia led by country manager Robert Klucka.
At Fenix we see this acquisition as a natural extension of our
overall direct-to-consumer strategy of building a stronger
owned-and-operated brand retail presence in Europe. We are looking
forward to continuing our work with Lukas and navigate the future
steps in the part of Europe.” Says Alex Koska, President at
Fenix Outdoor
The transaction is not expected to have any significant
financial effect in Fenix Outdoor’s consolidated accounts.
For further information, contact President Alexander Koska, +49
177 878 4970
- 20240304 Press Release - Artic Fox s.r.o. acquisition
Fenix Outdoor (LSE:0QVE)
Historical Stock Chart
From Dec 2024 to Jan 2025
Fenix Outdoor (LSE:0QVE)
Historical Stock Chart
From Jan 2024 to Jan 2025