EQT acquires sports retailer XXL
EQT Partners has acquired a majority stake in sports retail chain XXL Sport & Villmark for an undisclosed sum.
XXL owns and operates 14 sporting goods stores located in the largest cities in Norway. It is the fastest growing player on the Norwegian sporting goods retail market, with a market share of close to 15%.
Together with the founder, EQT intends to accelerate a further expansion in the Norwegian market and enter the Swedish market.
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