Gymsector is the brand name that the supplement store Gymgrossisten use for its continued expansion outside the Nordic markets. Subsequent to the launch Gymgrossisten now operates e-commerce stores in Sweden, Norway, Finland, Denmark, Germany and Austria.
Paul Fischbein, President and CEO of CDON Group, commented: “The launch of Gymsector in Austria is a natural next step as Gymgrossisten continues to expand on the European market. The company has a successful business model and unique offering that we believe will appeal to the Austrian customers.”
Gymgrossisten.com is the largest online retailer for health and training and operates local e-commerce stores in the Nordics, Germany and Austria, Gymgrossisten offers a range of more than 200 different brands and private label products account for more than 40% of total sales.
The information in this announcement is that which CDON Group AB is required to disclose under the Swedish Financial Instruments Trading Act and/or the Securities Markets Act. This information was released for publication at 08:00 CET on 18 June 2014.