Adler International, developing the CCC shoe franchise store chain, has sold some stores in Poland and plans to develop the CCC shoe franchise store chain in Ukraine using the money received. According to a posting on the website of CCC, Adler International sold 41 CCC stores in Poland for PLN 68.5 million (UAH 506.9 million). “Under to the agreement, the seller [Adler International] intends to use part of the funds received from the sale of the retail chain to accelerate the expansion of CCC franchise stores in Ukraine and to open 50 new CCC stores by 2021,” the company said.
According to the company, the gross profit of the purchased retail chain in 2017 was PLN 18.5 million (UAH 136.9 million). The companies entered into a deal on April 11. According to the CCC, the transaction is the next stage in the implementation of the strategy of CCC S.A. Capital Group on the development of the chain. As reported, CCC Ukraine LLC (Lviv), developing the shoe store chain of the Polish CCC brand, seeks to open up to 15 new stores in the country in 2018.