The founders of Sportland, the top player in the Estonian sports goods business, have quarreled with the major owner, Sports Direct, the largest sports store business in Great Britain, and the disputes are ending in court.
Sportland International Group owns both Sportland and Sports Direct stores in Estonia, alongside the Estonian founders Are Altraja and Anti Kalle, its owner is Frasers Group, a London stock exchange company with an annual turnover of 5.5 billion pounds, formerly known as Sports Direct International.
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Are Altraja, the owner of the sports clothing and accessories store Sportland, admitted that the company’s cutback decisions made in 2008 were reasonable steps in retrospect.
Kaidi Kask, CEO of Sportland Estonia, announced in a letter sent to colleagues and cooperation partners last week that December 6 will be his last working day.
Although the young entrepreneur Robin Pass is not yet competing with those who have reached the Top of the Rich, he has made a bright start to his entrepreneurial journey. His company Social Buzz has grown several times over the years, and the 20-year-old company employs five people.
Salary increased by more than 15%
Sportland Grupp, which focuses on the sale of sports and leisure goods, increased sales revenue by 18 percent in the last financial year, but net profit decreased by nearly 30 percent.
The thefts have not left any store chain untouched. Although larger stores invest more and more in security, businesses still suffer huge losses due to theft every year. As one of Estonia’s largest security partners, Forus provides expert advice on how to better protect your property and how store employees can feel safer.
Source: www.aripaev.ee
