CCC acquires Russian 3S Retail

Footwear producer CCC's unit CCC Shoes & Bags acquired a 75 percent stake in Russia's 3S Retail for RUB 375,000 (PLN 22,300), the company informed in a market filing. Currently, 3S Retail (renamed to CCC Russia) is CCC's only distributor on the Russian market. Recently in June, the company announced an ambition to become Europe's largest footwear distributor in terms of the online sector in the next three years. CCC is the largest footwear retailer and one of the biggest shoe producers in Poland. It has been traded on the stock exchange since 2004.