CCC buys Adler stores for PLN 77 million

Footwear retailer CCC purchased 41 agency stores, including four stores under preparation, from Adler International for PLN 77 million, the company stated. The originally signed deal set the price at PLN 68.5 million. “The total transaction value, which included the changes resulting from investments carried out and sales results since the signing of the preliminary deal, came in at PLN 77 million,” CCC stated. In 2017, Adler International recorded gross profit at PLN 18.5 million. Adler will use the funds from the disposal to accelerate expansion of CCC franchise stores in Ukraine, where it plans to open 50 new stores by 2021.