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Snipes to Acquire Jimmy Jazz and Expand to 600 Stores

Snipes Store Brooklyn

SNIPES are looking to further expand their global presence as a prominent sneaker and apparel retailer by acquiring the Jimmy Jazz company and, along with it, their retail network.

As reported by PR Newswire, the deal was signed on December 1, but Snipes won’t complete the purchase until the end of the year. The acquisition absorbs Jimmy Jazz’s 170-store network across America’s East Coast, Midwest and Southeast area into SNIPES' 100 locations stateside. This expansion – the largest yet for the company – then results a massive total of 600 retail outlets around the world, with most in Europe.

In statements supplied to PR Newswire, Sven Voth, the founder and CEO of SNIPES, said, ‘Despite the pandemic, SNIPES continues to grow. Our 'community first' concept will keep our focus on our core customer. We are very excited to deepen our commitment to the communities we serve by partnering with Jimmy Jazz.’

Similarly, Jimmy Khezrie, the outgoing Jimmy Jazz owner, said, ‘In SNIPES, we've gained a strong, global partner who shares our passion and who will appropriately continue our legacy as well as our investment in our teams and stores.’ Jimmy Jazz was founded in 1988 by Khezrie’s father Joseph, who passed away in June this year.

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