Locked content CCC wants to buy Gino Rossi

WSE-listed shoe retailer CCC wants to buy a 100 percent stake in other listed peer Gino Rossi for PLN 0.55 per share in a tender offer. This puts the company’s value at PLN 27.7 million. CCC has previously secured Rossi’s majority shareholder obligation to sell their 30 percent stake. The company pl...

Locked content Gino Rossi offers PKO BP to buy Simple

Gino Rossi submitted an offer for the sale of 100 percent stake in Simple Creative Products to the bank PKO BP (Simple lender) for PLN 0.5 million. The deadline for accepting the offer by PKO BP is from December 14 to March 31, 2019. Earlier, Gino Rossi negotiated the sale of Simple with Monnari Tra...

Locked content CCC with term sheet deal to buy minority stake in HR Group

WSE-listed shoe retailer CCC signed a term sheet agreement to buy 32.84 percent in HR Group Holding, the owner of a number of retail chains in Europe, including German Reno, as part of the deal, CCC will sell its German operations to HR Group. The price has not been announced yet as both sides are&#...

Locked content CCC prelim. Q3 EBITDA at PLN 40.6 mln

Footwear retailer CCC reported preliminary Q3 EBITDA of PLN 40.6 million (without IFRS 16) versus a consensus of PLN 47.7 million. Preliminary net loss stood at PLN 37 million, the company said. According to IFRS 16 standard,  preliminary EBITDA was PLN 160.1 million, and net loss attributable to pa...

Locked content eobuwie.pl prepares for IPO and debut on WSE 

eobuwie.pl, a subsidiary of footwear retailer CCC, has begun preliminary preparations to launch its first public offer (IPO) and admission of the company’s shares to trading on the regulated market operated by the Warsaw Stock Exchange, CCC has reported. “An IPO is being considered in or...

New tenant at Galeria Metro Kwidzyn mall

Footwear retailer CCC has leased approximately 1,000 sqm of space at the Galeria Metro Kwidzyn shopping center project that developer Metropolitan Investment plans to build in Kwidzyn in northern Poland. The scheme, which is being commercialized by Mallson Polska and the leasing team of Metropolitan...

Locked content Gino Rossi signs licensing deal with CCC

WSE-listed footwear retailer Gino Rossi signed a licensing deal with rival CCC. The contract is for manufacturing and design and to use Gino Rossi trademark in selected countries. Gino Rossi estimates that it will bring PLN 36-40 million in revenue for 2019-2020 period, including PLN 15-18 million i...

Locked content EuroRating downgrades CCC rating to BBB-

EuroRating downgraded shoe retailer CCC rating to BBB- from BBB, confirmed negative outlook. Rating decrease resulted mainly from the deterioration of the company’s liabilities structure over the past several quarters. EuroRating underscored that the recent rapid growth in CCC assets was mainl...

Locked content CCC sales grow 37% in August

WSE-listed shoe retailer CCC recorded PLN 405 million in consolidated sales revenue in August, a 37 percent more compared to a year earlier. Year-to-date, revenues stood at PLN 2.83 billion, an increase of 16 percent y/y. Revenues from retail sales in CCC stores in August amounted to PLN 325.6 milli...