The existing shareholders of the FAST Group are announcing that they have entered into an agreement to sell 100 % of their shares in the group to a consortium consisting of PPF, EC Investments, and Rockaway Capital. For this purpose, the buyers have founded SLUGGERIA a.s., in which PPF has a 40 % share, EC Investments 40 %, and Rockaway Capital a 20 % share
This year, in addition to its usual activities, the Karlovy Vary International Film Festival is creating the KVIFF.TV film platform. It will feature fresh content from the festival, and in the future will feature art films. It was launched on June 2 at the start of the Pragueshorts Film Festival.
The GEEKs at CZC.cz have had a record fiscal year*, during which they processed 1.5 million orders worth CZK 5.5 billion excluding VAT, resulting in 30 % year-over-year growth. They did well in the computer and gaming categories, as well as in the B2B segment, where year-over-year revenue growth more than doubled to 77 %. Together with its customers, CZC.cz also helped collect more than CZK 3 million for laptops, among other things, for children from disadvantaged families.
The MALL Group has had a milestone year. The e-commerce group, which includes the MALL internet marketplace. the popular CZC.cz electronics e-shop, as well as the Vivantis and ProZdravi.cz e-shops, turned a profit for the first time. During the past business year the MALL Group succeeded in generating revenues of CZK 20.7 billion, which represents 26 % growth year-over-year. Though the group was helped into the black by the pandemic-related internet shopping boom, the main reason was a significant improvement in the transaction economy, MALL’s transformation into a marketplace, and success in international markets.
Five years ago he left a career with Mid Europa Partners, the largest private equity company in Central and Eastern Europe, for the then relatively unknown Rockaway Capital investment group. As Robert himself often says, it was a risk that paid off.
Michal has been connected to Invia practically from its very beginnings, so it has gotten under his skin more that virtually anyone’s. For fourteen years, he worked as the internet travel agency’s marketing director, and the last three years he has been running the entire business in the Czech Republic, Hungary, and Slovakia as CEO. And yet he admits to an interesting “fun fact”: as opposed to some of his colleagues, who travel abroad even ten times a year, the last time he was at the seaside was on his honeymoon eight years ago. In Cuba – because, as he says, “If you’re going to do it, do it right.”
