DGAP-News

AURELIUS subsidiary Scholl Footwear sells its Australian distribution business to Global Footcare Group

DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Disposal AURELIUS subsidiary Scholl Footwear sells its Australian distribution business to Global Footcare Group 21.09.2020 / 07:30 The issuer is solely responsible for the content of this announcement. AURELIUS subsidiary Scholl Footwear sells its Australian distribution business to Global Footcare Group

Munich / Melbourne / Milan, September 21, 2020 - Scholl Footwear, a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), is selling its Australian distribution business to the Global Footcare Group based in Coomera, Queensland, Australia. Global Footcare is a strategic buyer and specializes in the distribution and marketing of comfort footwear. The company will drive sales of Scholl shoes in Australia and New Zealand, via wholesale and specialist channels like pharmacy, health professionals, as well as sports and shoe retail outlets.

The sales transaction is part of Scholl Footwear's global strategy of leveraging strong regional partners and industry specialists to generate additional growth and further improve earnings through licensing and distribution partnerships.

In Europe, Scholl Footwear operates from its headquarters in Milan, Italy, from which design and collection development, marketing, distribution and licensing activities are managed. Its Asian business is driven via the APAC hub, with the expansion of licensing partnerships playing the leading role.

"Global Footcare is the most capable partner for marketing our products in Australia and New Zealand, especially in view of its already long established partnership as a Scholl Footwear distributor across the medical channel in Australia and New Zealand as well as its local presence and proximity to customers. We're looking forward to working jointly on future growth," said Tobias Klaiber, the responsible executive for Scholl Footwear. "We're considering similar concepts for other markets in the APAC region as well."