21sportsgroup Secures Funding for International Growth
Prominent Investors Provide Growth Capital in the Eight-Figure Range
MANNHEIM, GERMANY--(Marketwired - May 24, 2016) - 21sportsgroup has successfully completed another funding round. By injecting fresh growth capital in the eight-figure range, prominent investors make possible a broadening of the successful sports retailer's market leadership in Germany as well as its further international expansion.
The Mannheim-based multi-channel retailer (21run, 21cycles, Planet Sports, VAOLA, Clubsale) strengthens its continuous organic growth, both domestically and in other European markets, by once again increasing logistical capacities. For 2016, 21sportsgroup is budgeting for a sales revenue of 125 million euros (2015: 100+ million euros). The company is also vetting options for inorganic growth by way of acquisitions.
21sportsgroup bridges the gap between online and offline retail with unabated success. With their state-of-the-art store concept and an e-commerce offering which has proved a success all across Europe, the different companies under the 21sportsgroup umbrella bring to market the entire range of sporting goods, especially in the areas of outdoor, action, running, cycling, and triathlon sports.
21sportsgroup combines e-commerce and retail business of Planet Sports GmbH, VR bike GmbH and mysportgroup GmbH. With their state-of-the-art store concept and an e-commerce offering which has proved a success all across Europe, the different 21sportsgroup companies market the entire range of sporting goods, especially in the areas of outdoor, action, running, cycling, and triathlon sports. They are authorized partners of all the major brands.
Online shop 21run.com offers a huge selection of premium quality running shoes, bicycles, apparel, and accessories for amateur athletes, ambitious runners, cyclists, and triathletes right through to professional athletes; all of these products are available for immediate shipping.
Planet Sports has been the embodiment of passion and expertise in the area of action sports and streetwear for over 20 years. Outstanding service, expert advice, and a passion for the various boardsports make Planet Sports the number one shopping destination for action sports enthusiasts.
VAOLA is an online marketplace with a full and interesting range of major brand, premium quality items in the areas of running sports, outdoor, lifestyle, cycling, winter sports, fitness and training, climbing and alpine sports, swimming and beach, as well as football/soccer.
21sportsgroup is on a systematic road to growth, bridging the gap between online and offline retail with unabated success. Every day, the team -- which is composed of sports enthusiasts -- proves that a high level of skill and competence and a strong focus on customer service are important factors for success when it comes to a state of the art multichannel strategy.
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