SFD has signed a conditional agreement to purchase an organized part of the enterprise, thanks to which it plans to take over a network of 11 stores in shopping malls in Silesia and Lower Silesia.
The terms of the contract are to be met by the end of November 2021, the company said. After the transaction is completed, the network of SFD stores will cover over 90 locations in Poland.
“We are a typical e-commerce company, realizing over 70% of online sales, for which stationary stores are a very important element of brand building, (…) After meeting the conditions, we will finance the transaction with funds from current operating activities, ”said President Mateusz Pazdan.
The transaction is worth about PLN 1.3 million, including the takeover of goods in stores.