CCC Group to acquire 75% of shares in Szopex for PLN 27.8 million
CCC Group has signed an agreement to acquire a 75% stake in Szopex through its subsidiary Modivo, one of Poland’s largest shoe retailers. Szopex operates well-known brands such as SklepBiegacza, WarsawSneakerStore, and SKstore. The deal is valued at PLN 27.8 million, with completion expected in Q2 2025, subject to regulatory approvals.
The acquisition aims to enhance CCC Group’s presence in the premium footwear segment and strengthen partnerships with global brands. Additionally, the deal allows CCC to expand its portfolio of licensed sports brands, including Shaq and Reebok, where it holds licensing rights.
“Expanding into the premium segment is a key element of our growth strategy,” said Dariusz Miłek, President of CCC Group. “This acquisition gives us access to top-tier models from partner brands and strengthens our licensing brands across all sales channels, including CCC, HalfPrice, eobuwie, Modivo, and Worldbox. The expertise and specialization of the Szopex team make them a perfect fit for CCC, and together we will build an even stronger market position.”
Szopex’s management team will remain unchanged. The transaction includes an option for CCC to pay half of the purchase price (PLN 13.9 million) in Modivo shares, equivalent to 0.1988% of its total shares. The remaining 25% of Szopex shares will be available for purchase in 2029, with valuation based on 2028 financial results.
“This partnership with CCC Group presents a fantastic opportunity for further growth,” said Jeremiusz Dutkiewicz, President of Szopex. “With CCC’s support, we will gain access to advanced logistics, broader procurement opportunities, and international expansion potential, especially in key capital markets where CCC is already present.”
In 2024, Szopex recorded operating revenues exceeding PLN 215 million, with a strong online sales presence. The company maintains a profitable EBITDA margin and offers products from premium brands such as Nike and Adidas. It currently operates 10 physical stores and a well-developed e-commerce platform.
CCC Group is Poland’s leading footwear retailer and one of the country’s largest manufacturers. Listed on the Warsaw Stock Exchange since 2004, CCC is part of the mWIG40 index, with consolidated revenues of PLN 9.44 billion in the financial year 2023 (February 2023 – January 2024).