Żabka buys local store network

Poland’s biggest convenience store network Żabka, a portfolio firm of Mid Europa Partners, has acquired local market peer Kefirek, Puls Biznesu reports. The transaction value has not been disclosed. Kefirek managed a network of some 80 franchised grocery stores in the Małopolskie Voidvship in southern Poland. After the takeover is completed, the shops will be rebranded to Żabka and Freshmarket. Żabka already has more than 3,500 stores across Poland. In 2013, they generated a revenue of PLN 4.1 billion.