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CCC SACCC fashion obtains UOKiK approval to acquire MKRI; full consolidation within three months
Listed footwear and clothing group CCC has received approval of Poland's antitrust and consumer protection regulator UOKiK to take control of wholesale and retail company MKRI; it expects full consolidation to take place within three months, group representatives told a press conference on CCC's quarterly results.
"We have received unconditional approval for the acquisition of MKRI. We will examine the company thoroughly once again, perform full due diligence, and then acquire a majority stake and complete full consolidation," CCC's CEO Dariusz Milek announced.
The group's deputy CEO Lukasz Stelmach added that full consolidation should take place within three months.
MKRI operates Kaes stores, as well as Worldbox (under a franchise agreement with CCC). CCC currently holds a 10 percent stake in MKRI. The company had announced that it wants to buy 41 percent of shares.
As stated in the presentation, the estimated value of the transaction, including the initial investment of 10 percent and the planned acquisition of a majority stake, will amount to approximately PLN 1 million (EUR 235,400).
"Worldbox will have an immediate positive impact on the group's results," CEO Milek pointed out.
According to CCC's presentation, at the end of the third quarter, the number of Kaes and Worldbox stores was 199, of which 96 were under the Worldbox brand.
In the fourth quarter, 65 Worldbox stores are to be opened, and in 2026, 100-150 new stores.
pel/ ao/
