Żabka (convenience store)

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Żabka Polska
Sp. z o.o.
IndustryRetail
Founded1998; 21 years ago (1998)
FoundersMariusz Świtalski
Headquarters
Number of locations
5400
Area served
Poland
Revenue3.36 billion PLN (2012)[1]
ParentCVC Capital Partners
Websitezabka.pl/pl

Żabka Polska (Polish pronunciation: [ˈʐapka]) is a chain of convenience stores in Poland.[2] There are more than 4,500 stores across Poland. Some Żabka stores are located in the Czech Republic.[3] The retail turnover was about EUR 650[citation needed] million in 2010.[4]

One of Żabka's nationwide network of convenience stores, here in central Warsaw. "Żabka" is a hypocorism for "frog" in Polish.

In 2007 Żabka was acquired by Penta Investments.[5] In December 2010 Penta sold the Czech operations of Żabka and Koruna subsidiary to UK retail giant Tesco plc.[6] The transaction was closed in April 2011. In February 2011 Penta signed an agreement to sell the remaining Polish operations Żabka Polska, including the Freshmarket store format, to Mid Europa Partners.[3] In February 2017, Mid Europa Partners closed a deal to sell Żabka for an undisclosed value (but estimated by analysts between 1 to 1,5 billion EUR[7]) to the Luxembourg based CVC Capital Partners.[8] As of 2018 there are 5300 stores, including 500 in Warsaw[9].

References[edit]

  1. ^ "Żabka Polska Sp. z o. o. - Lista 500 - Polityka.pl". www.lista500.polityka.pl. Retrieved 12 November 2017.
  2. ^ "Panattoni Park Wrocław II – final stage of development". Property Magazine International. October 4, 2012. Retrieved October 8, 2012.
  3. ^ a b Martewicz, Maciej (February 25, 2011). "Mid Europa Buys Poland's Zabka Store Chain as Retail Market Consolidates". Bloomberg Business. Retrieved October 8, 2012.
  4. ^ "Zabka Polska sp. z o.o.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 12 November 2017.
  5. ^ "Zabka sold to Penta Investments - Retail market in CEE & CIS - PMR". www.ceeretail.com (in Polish). Retrieved 12 November 2017.
  6. ^ "Tesco to buy Polish Zabka chain -newspaper". Reuters. February 23, 2011. Retrieved October 8, 2012.
  7. ^ "bne IntelliNews - CVC Capital Partners agrees to buy Zabka Polska". www.intellinews.com. Retrieved 2017-04-12.
  8. ^ "CVC Capital Partners - Media Centre". www.cvc.com. Retrieved 2017-04-12.
  9. ^ "Żabka otworzyła swój 500. sklep w Warszawie". www.wiadomoscihandlowe.pl (in Polish). Retrieved 2019-07-25.

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