Modern Commerce raising 100 million pln to buy Moliera2 luxury brand

Modern Commerce, a company from the e-commerce sector listed on NewConnect, said its next stage will be the acquisition of IT Fashion Polska Group & Partners, the owner of the Moliera2 brand.

The company from the e-commerce sector has published an information memorandum, ahead of its new capital-raise plans. The purpose of the Modern Commerce offer is to raise funds to finalize the acquisition. The total value of the transaction is estimated at PLN 100 million.

“The beginning of the year is very good for the Moliera2.com brand, which will soon join our Group. The revenues of Moliera2.com recorded dynamic growth, and the margin is in line with our assumptions.” comments Maciej Tygielski, member of the management board of Modern Commerce.

According to Modern Commerce’s plans for 2021-24, the company wants to become a leading brand on the luxury goods market, the goal is to close 2021 with PLN 128 million in revenues (proforma data) and PLN 8 million in EBITDA.

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