Dariusz Milek, founder and chairman of CCC Shoes & Bags, has reduced the stake he holds in the international Polish-based shoe retailing company indirectly through Ultro Holding of Luxembourg and a subsidiary. He now owns 24.84 percent of the ordinary and preferred shares in CCC, leaving him with 34.98 percent of the voting rights. This follows the disposal on May 14 of 2,062,535 shares representing 5.01 percent of CCC’s share capital. Four years ago, Milek was estimated to be the fourth-wealthiest person in Poland with a net worth of $1.06 billion. At its current share price, CCC has a stock market capitalization of around $1.99 billion.