Merlin Group sold 100% of the shares of Merlin Commerce and Profit M and 100% of Magus shares in liquidation bankruptcy, and they will cease to be consolidated starting from the report for the second quarter of 2022, the company said. In addition, the management board announced that the current commercial activities of the Merlin Group will be continued and developed in the area of e-commerce by a newly established 100% subsidiary, Merlin Buy.
“At the same time, the company informs that it is currently taking the necessary steps to guarantee the company the right to use the merlin.pl trademark and all copyrights related to the Merlin brand. The issuer will inform about the completion of the above actions by means of an appropriate ESPI report, ”the release reads.
In March, Merlin Group announced that it was starting to develop a model of cooperation, and then a strategy for the coming years, with new investors – January Ciszewski and Artur Górski, who purchased 13% of the company’s shares.
Merlin Group is a public company listed on the NewConnect market since 2012. It develops e-commerce projects based on an integrated platform of complementary resources such as a warehouse, an IT platform, commercial and marketing competences, a customer service office, as well as finance and accounting. Main resources of Merlin Group S.A. is an integrated competence platform for e-commerce projects and private labels – merlin.pl, cdp.pl and topmall.ua. Based on the company’s resources, it builds online stores in the most promising categories, such as books, games and home entertainment, goods for children, interior furnishings, and cosmetics and perfumes.