Six months after its acquisition of the German e-tailer Bergfreunde, Decathlon plans to acquire the Spanish e-tailer TradeInn.
Based near Girona in Spain, TradeInn sells sports equipment and clothing online through a dozen specialist sites, including Dive Inn for diving, Goal Inn for football, Bike Inn for cycling, and Runner Inn for running. The e-tailer boasts over 20 million customers worldwide.
As per Iberian media reports, investment company Suma Capital plans to sell its 30 per cent stake in TradeInn. The remaining shares are held by David Martin, founder and CEO along with investor Didac Lee.
Spanish media values TradeInn at over €1 billion. This substantial sum is backed by the company's sales rising by 15 per cent to over €500 million in 2023.
Since Suma Capital acquired a stake in TradeInn at the end of 2015, the company has grown significantly. It currently employs over 500 people, operates a 30,000-square-meter automated warehouse, and serves more than 20 million customers worldwide.
