United Kingdom private equity fund ENDLESS invests in golf fashion company GOLFINO
-Wholesale and e-commerce to be expanded
Hamburg, 12th March 2020
A big relief for GOLFINO: The private equity fund Endless takes over golf fashion label GOLFINO. Endless is a private equity fund based in the United Kingdom and owner of the largest European golf retailer, American Golf.
The GOLFINO headquarters will remain in Glinde, from where the e-commerce and wholesale business divisions will be expanded under the new owner, International Leisure Brands (Deutschland) GmbH. The retail stores, however, had to be closed. The brand will be continued and strengthened, and it is intended to continue to offer high quality golf clothing combined with first-class service in the future.
Dr. Bernd Kirsten, chairman of GOLFINO AG: "As founders of GOLFINO 34 years ago, my wife and I are happy, that GOLFINO will continue to serve its many loyal customers. We regret that the retail stores have to be closed and thank our sales staff for their many years of great service."
Insolvency administrator Dr. Schroeder: "The restructuring was quite challenging due to the difficult market conditions in the textile as well as the retail industry. I am all the more satisfied
that in Endless an ideal investor has been found who wants to develop GOLFINO strategically."
GOLFINO is one of the European market leaders in golf clothing but had to file for insolvency in November 2019. At the time of filing for insolvency, the family-owned company employed more than 250 people. GOLFINO provides high-quality outfits in the sports and leisurewear sector. The company was founded and successfully managed for over 34 years by Christel and Dr. Bernd Kirsten. For more information about GOLFINO please visit: www.golfino.com
Press officer of the insolvency administrator:
rw konzept GmbH Kommunikationsberatung
Bonner Strasse 178, 50968 Koeln
Endless LLP is a UK based transformational private equity investor. Endless looks to support buyouts, non-core acquisitions from larger groups, turnarounds and financial restructurings.
About the insolvency administrator:
Dr. Jens-Soeren Schroeder, a lawyer with longstanding restructuring experience, is a partner in the law firm Johlke Niethammer and has been working as an insolvency administrator for over 20 years. He is one of the leading names in the field of insolvency administration and was, among others, insolvency administrator of the UfA cinemas and DIY chain Max Bahr. Further information: www.jnp.de
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release United Kingdom private equity fund ENDLESS invests in golf fashion company GOLFINO here
News-ID: 1965054 • Views: 1541
More Releases from GOLFINO AG
Perfectly styled for both on and off the golf course: GOLFINO presents its curre …
Glinde, 2nd September 2019 – The Summer is almost over therefore GOLFINO, the European Market leader for Golfwear, presents our most up to date styles for the Autumn/Winter Collection 2019/2020 consisting only of high-end Outfits and sophisticated Accessories. The new styles impress with their advanced High-tech Material composition and stunning designs, ensuring you stand out both on and off the golf course. “The felicitous mixture of sporty elegance and functionality
GOLFINO Presents its New Collections Autumn | Winter 2018/19
Glinde, 22nd August, 2018 – GOLFINO, the European market leader in golf wear, presents its latest Autumn | Winter 2018/19 collections. Immediately catching the eye is the outfit „Tartan“ from the Ladies‘ collection, with its timeless, British golf pattern, where the sport first began, tastefully combining a traditional look with a modern fit. Among GOLFINO’s coordinated outfits for men, which are named after professional players from past and present, is
Brandon Stone wins the Scottish Open in style wearing GOLFINO
Glinde, 16th July 2018 - GOLFINO Pro Player, Brandon Stone, has won for the first time this season on the European Tour at the Scottish Open. The South African won in style, both in the way he played and in what he wore. He finished with a final round of 60, a course record and European Tour joint record, winning by 4 strokes ahead of Eddie Pepperell with 20 under
Relaunch of golfino.com - first-class brand presence with a fresh design and new …
Europe’s market leader for golf wear introduces the redesign of its online store. At www.golfino.com, GOLFINO now offers its customers a wide range of new, customer-friendly functions. At the core of the updated website is the use of a new shop system. The software “Shopware” significantly enhances the emotional and diverse shopping experience in the GOLFINO online store. The main focus of the redesign was a more clear and modern
More Releases for Endless
RealAction Pro Review: Best Endless Summer Special Edition Action Camera
RealAction Pro Review: We all want to share our lives with friends and family in today's social media age. For many people, this means snapping a few photos or sharing a vacation video. However, if you live an active lifestyle, a standard smartphone camera will not suffice. You'll need a camera that you can take with you wherever you go. A good action camera should be tough and durable. It must,
Lose Your Soul to the Endless Captivating Symphonies Created by Virginia Electro …
Music is said to be the food for the soul but not many artists can produce music that can speak an individual’s soul. However, when it comes to producing music that attracts audiences worldwide none can beat the captivating skill of Mysti. Focusing on multiple genres she composes tracks by mixing and matching various genres together making unique soulful and rhythmic creations that are astounding enough to stand in its
Your Way to Enjoy Endless Nights with Freddy Fazbear
5Freddy.com the unique thematic portal utterly devoted to Freddy Fazbear and its mechanic friends, welcomes both who are just on the first stage of getting familiar with Freddy and who have already known this personage for a long time. A toy like mechanic bear, not very attractive at first sight, has gained an incredible popularity and roaring interest among the global community of gamers. In fact, Freddy Fazbear with its team
Endless Pools Partners with Masters Swimming Canada
Endless Pools®, the leading manufacturer of swim-in-place technology, has committed to Masters Swimming Canada (MSC) with a new agreement to advance the shared goals of the two organizations. Aston, PA, February 24, 2017 -- Endless Pools®, the leading manufacturer of swim-in-place technology, has committed to Masters Swimming Canada (MSC) with a new agreement to advance the shared goals of the two organizations. “We applaud MSC for their dedicated promotion of swimming, keeping
Kaindl Mobile: One web app, endless possibilities
Anyone wanting to be up-to-date on current developments in the field of flooring and interior design is best off with digital support. The new web app brings Kaindl collections for floors, wood veneers and boards to tablets and smartphones. Special feature: Kaindl Mobile will work on any modern mobile phone, tablet PC and iPad regardless of the platform. Collections at the fingertips The app provides access to all of Kaindl's collections
Sikkim Adventure Tourism- Trekking in Sikkim-An endless offer
Sikkim – Trekker’s http://www.trekkinginsikkim.com/ favourite space, the tiny Himalayan state, which houses the world’s third loftiest peak (Mt. Kanchenjunga) is well-known for an unparallel Mother Nature’s blessings that are reflected in every nook and corner of the tiny state. Sikkim, the land where peace is given a definition by nature’s such revitalizing blessings that help trekkers to attain immense relief trekking in Sikkim from city’s hectic life cycle.