CCC has taken over its 54 franchised stores in Romania from its franchisee, Peeraj Brands International, which also operates stores for Geox and other brands. Peeraj, which is owned by investors in Dubai, says the Polish-based chain is paying around €33 million for the business, which generated a net profit of €5.5 million on sales of about €38 million in 2016. A further sales increase of 28 percent was recorded in the first ten months of 2017.
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