German shoe chain store Deichmann may take over streetwear chain Snipes in Cologne. A spokesman of Heinrich Deichmann AG confirmed that Dosenbach-Ochsner AG in Switzerland and Snipes GmbH are in talks about a strategic partnership. The deal is not yet finalized though.

Dosenbach-Ochsner AG is a company of Deichmann group and a market leader in Switzerland with 91 shops. Deichmann runs 2939 shops worldwide, 1,700 of them outside Germany. Snipes runs 37 stores in Germany and four shops in Austria. The family company employs about 30,000 people in Germany, 19 other European countries and the United States.