Poland’s CCC to go public
CCC Group, one of
The total value of the shares to be issued amounts to some 50 million Zloty (about €11.6 million). The capital raised from a CCC flotation will fund further expansion of the company’s retail network. The company already has 265 shops, 58 of its own and the remaining as franchise shops. The founder and majority share holder Mr Dariusz Milek expects the creation of another 90 shops within the next three years.
CCC is a chain of cheap shoe stores with an impressive 5% share of the Polish footwear market. CCC is an acronym of Cena Czyni Cuda which translates as Cheap & Cheerful. It owns a factory as well as 40 brands and imports shoes from
In 2003 CCC had a healthy gross income of 246 million Zloty (€57.2 million) and 11 million Zloty after tax (over €2.5 million). It plans to expand its exports and open stores in
