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CCC SACCC footwear estimates investment outlays at PLN 300-400 million annually
Listed footwear group CCC wants to increase it's retail space by 200-250 thousand square metres annually. It estimates investment outlays at PLN 300-400 million (EUR 69-92 mln) per year, CCC CEO Dariusz Milek said.
"We want to further focus on the development of operations in Central and Eastern Europe," the CEO told a press conference.
The CEO said that expenditure on the development of the groups retail space is to be financed mainly from operating cash flow (performance improvement, working capital optimisation)
The company said in the presentation that there is potential to increase retail space to 2,200,000 square metres by 2030 from 790,000 square metres in 2023.
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