Search here:


IT Fashion Polska Group & Partners Sp. z o.o., the sole owner of, decided to partner with Modern Commerce, a NewConnect listed group of e-commerce shops related to luxury goods.

Moliera2 is a leading multi-brand omnichannel luxury goods retailer in Poland with online store and seven exclusive boutiques in selected Polish cities – Warsaw, Poznań, Katowice, Sopot and Zakopane.

This is a very important moment in our history and one of the biggest transactions of this kind on NewConnect. We take over a company that is bigger than us, with a large scale of business and diversified revenues generating solid profits. The group’s revenue potential after the transaction will significantly exceed PLN 100 million per year, and will become a jewel in the crown of our Group” – comments Maciej Tygielski, member of the Board of Modern Commerce.

Modern Commerce is the owner of ZłoteWyprzedaż (one of the largest sell-out online shops with premium brands in Poland) and (online shop with exclusive accessories and toys for children). Following the acquisition of Moliera2, these platforms will gain a very strong partner, enabling them to scale their businesses and adjust the quality of their services and after-sales support to the levels associated with Moliera2. fits perfectly into our business. It has an established position in the market with a high potential for further development. Together we will create a unique group of premium fashion e-commerce projects, making us an important player in the Polish market. We are entering the first league of online sales of luxury goods in Poland. This is an excellent foundation for further dynamic growth in the coming years based on multidimensional synergy between selectively chosen members of the Group” – adds Maciej Tygielski. has been growing dynamically in recent years, increasing sales and strengthening its market position in the fashion category. Total online sales have increased by 80% in the last two years. currently works with around 350 designers and fashion houses. Total revenue of IT Fashion Polska Group & Partners Sp. z o.o. amounted to PLN 76.8 million last year, including over PLN 50 million from the online channel.

As announced on 19 May 2021, Modern Commerce will acquire 100% shares in IT Fashion Polska Group & Partners Sp. z o.o. for PLN 100m. The transaction is expected to close in Q3 2021 and is subject to the registration of Modern Commerce’s share capital increase for a total amount of not less than PLN 60 million.

In the first stage of the transaction, Modern Commerce will acquire a total of 80% in IT Fashion Polska Group & Partners, 60% of which will be acquired for PLN 60 million and 20% of shares will be transferred to Modern Commerce in exchange for the newly issued Modern Commerce’s shares. The remaining 20% stake will be acquired by Modern Commerce in 2 tranches for PLN 10m each, to be settled no later than by 30 June 2022 and 30 June 2023, respectively.

VCP acted as an exclusive transactional advisor to the shareholder of IT Fashion Polska Group & Partners Sp. z o.o. and was accompanied by MKZ Partnerzy Michalak Kosicka Zawolski i Partnerzy (legal advisor), while Modern Commerce was advised by MJH Moskwa, Jarmul, Haładyj law firm.

Source: VCP,  May 2021

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.