Finance Paid
CCC shares tumble after Ningi report
19:45
Shares of CCC, the Polish footwear retailer, plunged after short-selling firm Ningi Research accused the company of manipulating results. Ningi claimed CCC’s recent turnaround was “an illusion,” alleging it inflated sales through “channel stuffing” — selling excess inventory to an insolvent franchisee, MKRI.
This article is for subscribers
Warsaw Business Journal subscribers get the full archive (12,248 articles going back to 1995) and the print edition.
SubscribeOr try Poland A.M. free for 7 days, the daily briefing, or see all plans and prices.
