Kick Game appoints PwC to explore £150m sale
Kick Game has stores in Covent Garden, London, Birmingham, Leeds, Liverpool and Manchester, and has reported higher demand since the beginning of the pandemic.
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Kick Game, a footwear reseller, has reportedly hired PricewaterhouseCooper (PwC) to explore options which could include a £150m sale, according to Sky News.
Reports suggest Kick Game, which was founded in 2013, is working with the accountancy firm to field interest from a number of suitors.
The process is expected to take several months to conclude, and highlights the interest in footwear and streetwear as an emerging asset class for collectors and traders.
Kick Game has stores in Covent Garden, London, Birmingham, Leeds, Liverpool and Manchester, and has reported higher demand since the beginning of the pandemic. It claims to be the UK’s biggest reseller with a turnover approaching £40m this year and 150 employees.
It comes after investment bank Cowen and Co estimated that the trainer resale market could be valued at £24.8bn by 2030.
