Em&F mulls sale of Smyk

Retail group Empik Media & Fashion (EM&F) is considering various scenarios for its subsidiary, Smyk, one of which includes getting rid of the clothing company, the group reported. EM&F informed that is has already hired an adviser to research possible solutions for Smyk, including the sale of all the subsidiary's shares. A few months ago, the Polish media suggested that the EM&F has already attracted some potential buyers, "there are two investment banks in the game," Puls Biznesu daily reported citing an anonymous source. Such private equity funds as Mid Europa Partners, Enterprise Investors, Innova Capital, Bridgepoint, Montagu, Oaktree and companies like Toys "R" Us, Mamas & Papas are among the potential investors, the daily informed. Smyk is valued at PLN 800 million to 1 billion.