Polish footwear retailer CCC announced that it has acquired a 100% stake in the Romanian company Shoe Express for 33 million EUR. The transaction will be conducted through CCC’s subsidiary CCC Shoes & Bags.
Shoe Express was the owner of all CCC franchises stores in Romania, which they purchased from Peeraj Brands International.
CCC is the largest footwear retailer in Central Europe, operating nearly 1,000 stores in 19 countries: Poland, Hungary, Slovakia, the Czech Republic, Austria, Croatia, Slovenia, Bulgaria, Germany, Serbia, Russia, Latvia, Lithuania, Ukraine, Romania, Estonia, Moldova, Greece and Sweden.
The chain offers fashionable and affordable shoes, handbags and accessories for men, women and children, selling nearly 50 million pairs of footwear every year.
Its stores are positioned within leading shopping centers and at major traffic routes in prestigious urban locations.