The current president of the company’s management board, Ewa Szmidt-Belcarz, takes over a controlling stake in the Empik Group. The seller of 51% of the shares is Penta Investments, present in Empik since 2012. Both parties to the transaction declare to continue close and partnership cooperation in the field of investment and business development. The Empik Group achieved PLN 2.4 billion in turnover last year, half of which was generated by the e-commerce and digital segments. The transaction parties have agreed not to disclose its value. The closing of the transaction is the subject of the approval from the Chairman of the Office of Competition and Consumer Protection.
The cooperation with Penta Investments has always been a close and open partnership. We continue to share a common vision of Empik Group's development, as we have consistently and courageously pursued for the past many years. Today is the materialization of another important step in the history of our cooperation
– said Ewa Szmidt-Belcarz, CEO of Empik S.A.
Since 2015, we have been cooperating intensively with Ewa in the implementation of the Empik Group's growth strategy. So far, under her leadership, we have doubled the scale of this company, in many key dimensions – i.e., revenues and EBITDA. The implementation of this transaction confirms excellent cooperation so far, allowing us to continue the support of the Empik Group and gives the opportunity to realize higher profits in the future
- said Łukasz Waszak, investment director of Penta Investments in Poland.
Empik: constant metamorphosis
Empik S.A. Group is one of the largest entertainment and lifestyle companies in Poland. It is a multi-channel ecosystem of distribution products and services through an e-commerce platform and a network of showrooms all over Poland. It is also a creator of traditional and digital content, publisher and producer of original audio content, podcasts, and series. In 2021, the company achieved PLN 2.4 billion in turnover and PLN 63 million in operating profit. After the transaction the majority shareholder of Empik Group will be Ewa Szmidt-Belcarz, controlling 51% of shares, while Penta Investments holds 49% of shares.
Penta Investments is a Central European investment group, established in 1994, which operates mainly in health, financial services, manufacturing, retail, real estate development and media. Its portfolio companies employ more than 41,000 people and the value of Penta’s assets reached €12 billion euros in 2021. Penta has a presence in more than ten countries in Europe, with offices in Prague, Bratislava and Warsaw.
Ewa Szmidt-Belcarz since 2015, President of the Management Board of Empik S.A. A graduate of the Warsaw School of Economics, London School of Economics and MBA INSEAD. She started her career in the Euro RSCG advertising agency and continued it in multinational corporations: L'Oreal, Schwarzkopf & Henkel, Cadbury. She became the first global Partner for the CEE region of the international consulting company McKinsey.