On 28 January, the CCC Group and Szopex signed an agreement under which Modivo S.A. will acquire a majority stake in Szopex, one of Poland’s largest resellers of sports footwear and apparel. In 2024, the company generated operating revenue exceeding PLN 215 million, with the majority coming from online sales. The group maintains a strong EBITDA margin in the high single digits. Its portfolio includes products from renowned brands such as Nike and Adidas, as well as premium segment specialty footwear. The company operates through a network of ten offline stores and a well-developed e-commerce platform.

The acquisition of Szopex enables the CCC Group, particularly Modivo, to enhance its product portfolio by expanding into the premium segment and strengthening its collaboration with global brands in higher product and price categories. Additionally, the Group will expand Szopex’s portfolio to include select licensed sports brands, such as Shaq and Reebok, for which it holds licensing rights.

‘Expanding into the premium segment is a key element of our strategy – it represents the pinnacle of our segmentation model. This investment grants us access to the top designs from our partner brands while allowing us to strategically position our licensed brands, strengthening their presence across all our sales channels: CCC, HalfPrice, eobuwie, MODIVO, and Worldbox. We plan to grow this format in our key region. We are particularly excited about this collaboration, as Szopex has a highly specialised team that is a perfect fit for the CCC Group. By combining our expertise and resources, we can build an even stronger market position and create new opportunities to enhance our product offerings for customers,’ said Dariusz Miłek, President of the CCC Group Management Board.

‘Joining the CCC Group presents a tremendous opportunity for further growth. With the backing of such a strong partner, we gain access to advanced logistics, greater purchasing power, and international expertise. Together, we can develop a unique premium offering tailored to the specific needs of our customers. We also plan to quickly expand our presence in key markets, particularly in capital cities where the CCC Group already operates,’ said Jeremiusz Dutkiewicz, President of the Szopex Management Board.

Szopex’s current executive and management teams will remain in place. The base transaction price for the 75% stake is PLN 27.8 million, with the transaction expected to be finalised in the second quarter of 2025. The CCC Group has the option to pay half of this amount (PLN 13.9 million) in the form of a 0.198% interest in Modivo S.A. The parties have also agreed on terms for acquiring the remaining 25% interest in 2029, with the price dependent on financial performance in 2028. The transaction closing is scheduled for the second quarter of 2025, subject to customary corporate and regulatory approvals.