Locked content Piotr i Paweł close to finalizing M&A talks

Retail chain Piotr i Paweł is close to finalizing talks with a strategic investor, whose name will be disclosed once the deal is formalized, the company stated in a market filing. “Talks are advanced and we are getting close to the end of the M&A process,” said Robert Krzak, deputy CEO of Piotr ...

Locked content Marek Miętka to become Piotr i Paweł CEO

Marek Miętka has been named Polish retail chain Piotr i Paweł CEO as of June 1, the company said. Marek Miętka has extensive experience in retail trade management. Since 2000 he worked in Tesco, where he held, among others, the post of operational director. “We intend – using Marek’...

Arcona to acquire Polish retail portfolio

Arcona Property Fund, an investment fund focused on commercial real estate in Central Europe, is to acquire a portfolio of a total of 11 neighborhood shopping centers in ten regional cities in Poland from RECE for EUR25.9 million. The fund expects to finalize the acquisition of the first eight asset...

Locked content Piotr i Paweł opens warehouse dedicated to e-commerce

Polish retail chain Piotr i Paweł has launched a new logistics center dedicated to servicing e-commerce in the Warsaw Agglomeration. The 2,500 sqm warehouse located in Ożarów Mazowiecki allows the delivery of goods in four hours after placing an order and enables the processing of  three time more o...

Locked content Piotr i Paweł plans to open 20 new shops in 2016

Polish retail chain Piotr i Paweł plans to open more than 20 supermarkets in 2016, the company informed. As of now, the retailer has 127 shops in 63 cities. Piotr i Paweł will close this year with 130 outlets, according to their plan. The company’s revenues stood at PLN 2.03 billion in 2014, a...

Locked content MLP to build warehouses for Piotr i Paweł

Industrial property developer MLP Group will build warehouses near Warsaw and Poznań for supermarket chain Piotr i Paweł, the company said in a statement on Monday. The facilities will have an area of 45,000 sqm. The 38,000 sqm warehouse in Teresin near Warsaw will be the central storage area for th...