With over 10,500 stores and a turnover of more than 4.6 billion euros, Żabka is looking to raise 1.5 billion euros on the stock market. However, for most of us the name might not ring a bell. Who is this silent powerhouse from the East?
1,000 openings a year
Poland’s largest chain of convenience stores has ambitious IPO plans: with three million customers each day, Żabka has become synonymous with convenience in Poland. Going public is a strategic move to raise 1.5 billion euros, which the company intends to use to support its meteoric expansion. The move values the group at over five billion euros.
The retailer is moving fast, and aims to open a thousand new supermarkets per year – in addition to its existing 10,500 shops. Żabka estimates that there is room for an additional 8,000 stores in Poland and about half of that in Romania. At the end of this year, the first 200 stores in the latter should be open under the Froo banner.
