Mall.cz is on the market. The South African-based Naspers is offloading Netretail Holding from its portfolio, which includes the Czech e-shop. Naspers acquired Mall.cz in 2012, but the sales results of the e-shop have not met its expectations. Citibank is advising on the sale. Neither Naspers nor Mall.cz has commented on the decision, which may have been sparked by the e-shop’s poor market performance. In 2014, however, Netretail’s revenues surpassed CZK 8bn. Amazon’s CE expansion may be another reason for the sale, according to e15.
