Schuhhaus Dielmann, the German footwear chain currently in administration under creditor protection proceedings, will sell eight stores to MyShoes. The deal still has to be cleared by the national competition regulator, Federal Cartel Office, and landlords, but is scheduled to close on Dec. 1.
Previously Dielmann said it would close 13 stores by the end of the year. The company is in talks for the sale of 18 other stores and assets.
Based in Essen, MyShoes is part of the Deichmann group and has more than 50 stores in Germany. It also has about 25 stores in Austria, 15 in Switzerland and three in Poland, a market it entered last year. MyShoes launched its online shop in 2018.