Țuca Zbârcea & Asociații | NEWS & EVENTS
27 April 2018

Țuca Zbârcea & Asociații advises as Peeraj Brands International closes the largest deal in the fashion industry with Polish footwear retailer CCC

Romanian independent law firm Țuca Zbârcea & Asociații was instructed to advise Peeraj Brands International on the sale of a 100% stake in Shoe Express S.A. to the Polish footwear retailer CCC. Shoe Express S.A. comprises all retail outlets operating under the CCC brand in Romania, based on a franchise agreement with CCC.

Partner Dan Borbely is leading the firm’s team advising Peeraj Brands International, with Raluca Chelaru (Senior Associate) and Ana Pârvu (Associate) also acting on the deal.

Total value of the transaction is EUR 33 million prior to settlement of working capital settlements that will take place within a specified time after the transaction. The transaction has been completed and ownership of the shares on the date of signing the purchase agreement April 25, 2018.

The transaction was conducted through CCC’s subsidiary CCC Shoes & Bags.

Peeraj Brands International is one of the biggest players in the local fashion market operating about 100 stores under different brands, such as Pimkie, Swarovski, Geox, Kazar, Piazza Italia and Armani Jeans franchises in Romania.

Founded in 1999, CCC is the largest footwear retail company in Central Europe and the largest footwear manufacturer in Europe, according to its website.

(According to the information provided by https://seenews.com/news/polands-ccc-buys-romanias-shoe-express-for-33-mln-euro-610501 and other public sources)

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