Empik finalizes sale of Smyk

Poland's Empik Media & Fashion (EM&F) has concluded the sale of it's kids fashion and toys unit Smyk to London-based private equity group Bridgepoint for PLN 1.08 billion, the company said in a filing. In January, EM&F signed a PLN 1.06 billion deal to sell Smyk, a children's apparel and toy store chain. The price includes debt. The total price was slightly increased from PLN 1.06 bln in the preliminary deal. The chain has 125 stores in Poland and EM&F said that there is potential for sales to grow by 11 percent per year.