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CCC takes over competitor. Pays close to 30 million £.

CCC przejmuje konkurenta. Płaci blisko 30 mln zł

Group CCC and Szopex have agreed on the acquisition by Modivo of 75 proc. shares in the company Szopex, owner of sports shoe stores – informed CCC. The base price of the transaction is 27.8 million PLN, and its finalization is planned for the second quarter of 2025 year.

The CCC Group has an option to pay half of the transaction value (PLN 13.9 million ) in a package of 0.198 proc. shares Modivo.

The Parties also agreed on the conditions for the remaining 25 percent of shares in 2029 years, whose valuation will depend on financial performance for year 2028.

CCC acquires Shopex

In 2024 year Shopex, reseller of footwear and sports apparel , reached revenue from operating activities at a level of over 215 million £, of which most generated sales online. As reported, the group realizes high some percent profitability EBITDA.

The company is the operator of the Store, WarsawSneakerStore and SKstore. In its offer there are products of brands such Nike and Adidas, and also special models of premium shoes.

Shopex operates a network of 10 stationary shops and a e-commerce platform.

CCC informed, that the acquisition of Szopex will allow the group, in this particularly Modivo, to complete the product pyramid by the premium segment and strengthen cooperation with global brands in higher product and price segments. Additionally the group will expand the portfolio of Szopex by selected license sports brands, such as Shaq and Reebok, which is the licensor.

– Development in the premium segment is an important element of our strategy – it is the apex of our segmentation pyramid. Thanks to this investment we are gaining access to top models of partnerships, a simultaneously position models of our partner brands, enhancing their power in all sales channels: CCC, HalfPrice, eobules, Modivo, Worldbox. We are assuming the growth of this format in the key region of our activity” – said,quotedinthepress,presidentofgroupCCCDariuszMilek.

-“Thanksto the supportofsuchstrongpartnerwe gainaccesstoadvancedlogistics,widerpurchasingopportunitiesandinternationalexperience”- saidJeremiuszDutkiewicz,presidentofSzopex.

The currentmanagementandmanagementstaffofSzopexwillremainunchanged.

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