The Gaydoul Group sells the Navyboot brand

The Gaydoul Group is going to sell the renowned Swiss footwear and leather accessory brand Navyboot along with a large number of the Swiss shops and outlets to the Globus Group as of 1 January 2019. The Gaydoul Group will continue to manage the shops retained by the Group in Switzerland and in Germany as a licensee. «The retail market has changed dramatically over the last ten years. Today there is a need for less retail space, but the online aspect has to be reinforced, and we are increasingly reliant on partnerships in order to engage with this change successfully over the long term», notes Philippe Gaydoul, Gaydoul Group CEO. Navyboot is on solid ground both financially and structurally. This step therefore makes sense for both parties – also because there has been fruitful cooperation between the two businesses for some time: Globus (or respectively Schild) has acted for more than ten years as a licensee for the successful Navyboot men's and women's clothing.
The shops retained by the Gaydoul Group will continue to trade for the time being.
In future, the Gaydoul Group will also focus on the areas of assets, real estate and equity investments.

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