Chauss’Expo, a large low-priced shoe retail chain in France, has...

Chauss’Expo, a large low-priced shoe retail chain in France, has acquired Tamalet, a rival retailer that operates 70 stores under two different banners, L’Entrepôt aux Chaussures and Vice Versa. The acquisition adds annual sales of €40 million and takes the number of stores operated by the Desmazières group up to 250. The group should thus reach sales of €146 million in 2008. It now wants to expand the network to 300 stores by 2015 while boosting its online sales in France and in other European countries.