The Vienna-based Accession Capital Partners (ACP) group is buying the Polish chain of stores SMYK, with 31 stores in Romania, from the British investment fund Bridgepoint.
SMYK, a brand present on the market for 45 years, retailer of toys and children’s clothing, currently operates a network of more than 280 stores in Poland, Romania and Ukraine, as well as an e-commerce platform. In Romania, the retailer reached 31 stores.
The company was launched in 1952, in Warsaw, and later expanded to Turkey, Russia, Ukraine, simultaneously increasing the number of stores in Poland. In 2008 it bought the Spiele Max network in Germany. In 2016, the chain was bought by the Bridgepoint investment fund from Empik Media & Fashion, a Warsaw-based retailer group, in a deal worth a total of EUR 247 million.
Source: Profit.ro
