Luhta will acquire the Austrian footwear manufacturer Dachstein
Luhta Sporswear Company acquired a stake in the footwear manufacturer Dachstein last summer. The ownership arrangements continue, and Luhta will now acquire the rest of the footwear manufacturer’s business activity. The goal of the acquisition is to still strengthen Luhta Sportswear Company’s footwear expertise and to support Dachstein’s internationalization.
Luhta Sportswear Company will now acquire the rest of the Austrian footwear manufacturer Dachstein from its main owner Austro Holding. The acquisition supports Dachstein’s internationalization to adds footwear expertise for Luhta Sportswear Company’s outdoor segment. So far Luhta Sportswear Company has designed and manufactured outdoor and casual footwear under the Luhta and Icepeak brands.
“Dachstein is a very interesting, traditional outdoors-segment brand that is growing strongly in a modern way. As a new owner, Luhta wants to strongly support its international growth strategy. Dachstein perfectly complements the Luhta product and brand portfolios (Icepeak, Luhta, Rukka and Torstai) that are growing our company in the outdoor and sportswear markets,” described Vesa Luhtanen, Managing Director, Luhta Sportswear Company the background of the acquisition last summer.
Kerstin Gelbmann, Managing Director of Austro Holding, the company selling its share, is pleased to have Luhta as a new owner that will develop the footwear brand further. The new ownership is expected to improve Dachstein’s position as an innovative footwear brand in the German-speaking region of Europe, which is a strong export area for Luhta Sportswear Company.
Luhta Sportswear Company’s most recognized brands are Luhta, Icepeak, Rukka, Torstai, Ril’s and Your FACE. Additionally, the Group includes the Aleksi 13 retail chain focusing on comprehensive fashion, the Luhta Brand Store chain focusing on casual sportswear, the Your FACE and Ril’s stores offering women’s fashions, the TopSport sportswear chain and Luhta Outlet factory outlets offering collections from previous sasons. In 2017 the Company’s turnover was EUR 245 million and it employed 1,700 people. The Company’s main markets are in Finland, Germany, France, Russia and the Netherlands.
Dachstein – Austro Holding
Dachstein has over 90 years of experience as a footwear manufacturer. Since 1925 the Dachstein brand has been associated with traditional Austrian shoemaking craftsmanship and imaginative ideas. For Dachstein, alpinism is about much more than just sport or competition. It’s a philosophy, a way of life and a passion. The main shareholder of Dachstein is currently the Austrian investment company Austro Holding.
Tarja Malinen, Corporate Communications and Marketing, tel. +358 40 522 3172, email: email@example.com
Luhta Sportswear Company