Sfinks to acquire Piwarnia Warki franchise from Żywiec

WSE-listed restaurant operator Sfinks will buy the Piwarnia Warki pub franchise from WSE-listed Grupa Żywiec brewery group for PLN 12 million. The chain includes 67 location, and the deal includes a provision for Żywiec to supply the pubs with beer for 20 years. According to the agreement, Sfinks has committed to an undisclosed minimum product sales level, and to develop and manage the chain for at least 20 years.