Mezzo Capital bought a PLN 24m stake in the Dayli drugstore chain. The company said it plans to expand the chain from 169 to 350 stores within the next two years, also through franchise agreements. The new investor also plans to develop the chain’s online sales through funds raised from Poland’s debt market. A new issuance is scheduled for this year.
“Drugstore chains are a highly attractive retail sector, as they provide noticeably higher margins, compared with food retail networks…This is why we see so many investors interested in cooperating with us in this sector, with a number of deals now being negotiated,” the company wrote in a statement.
