Bajołek Family Reorganises Answear.com Ownership Structure. Transfer of Shares to Family Foundations is Part of Long-term Wealth Building Strategy
Answear.com S.A., one of the leaders in premium & high-end fashion in Central Europe, announces that Forum X FIZ - the Company's main shareholder (a fund affiliated with the Bajołek family), is transferring company shares to family foundations KB&F and AB&F. The reorganisation aims to optimise the holding structure and does not change control over the Company - all entities remain in the hands of founders Krzysztof and Arkadiusz Bajołek. This is part of a long-term family wealth-building strategy.
As part of the reorganisation process, a package of Answear.com shares will be transferred from Forum X FIZ (affiliated with the Bajołek family) to two family foundations: KB&F Family Foundation of Krzysztof Bajołek - CEO of Answear (75%) and AB&F Family Foundation of Arkadiusz Bajołek - Deputy Chairman of Answear's Supervisory Board (25%). The transfer will be implemented in stages, with the ultimate goal of transferring all shares currently held by Forum X FIZ.
Answear.com is a key investment for the Bajołek family, which they treat as a strategic long-term asset. The reorganisation being carried out is technical and serves to optimise the family's holding structure. The founders are convinced of the Company's potential for further value growth, particularly in the context of successful strategic transformation consisting of premiumization of the offer and entry into the high-end fashion segment. The effects of these changes are already visible in the clear improvement in profitability and dynamic revenue growth of Answear.com. The Company is on track to realise its vision of becoming the leader in the premium fashion market in Central Europe.
The asset reorganisation fits into the Bajołek family's long-term strategy and confirms the founders' strong commitment to the further development of Answear.com.
O Answear.com:
Answear.com is one of the leaders in premium and high-end fashion in the CEE region. The online store is offering a wide selection of clothing, shoes, and accessories from over 800 global brands. The offer includes selected collections for women, men, and children, including premium, sports, and denim brands. Currently, Answear.com operates in 12 markets, with plans to launch in more. Since the beginning of its operations in 2011, it has won over 50 awards and distinctions, and has also gained recognition from thousands of customers to whom it provides constant fashion inspiration by collaborating with trendsetters and experts from the fashion industry. The company relies on its own logistics centre and IT solutions, which allow for high operational efficiency, cost minimisation, and an attractive pricing policy for customers. All products included in the order are sent in one package, out of care for the environment and for customer convenience. In its operations, Answear.com focuses on fast delivery (even same day in selected cities in Poland) and quality service. It dedicates the Answear Club loyalty program to its regular customers, which allows for shopping at even more attractive prices.
O PRM:
The PRM brand is a response to the needs of the metropolitan community by offering selected brands from the high-end fashion & sneakers segment, as well as unique collaborations and activities promoting broadly understood culture and design. It has a unique product offer including brands such as adidas Originals and New Balance, as well as brands known and valued in Western Europe such as Kenzo, Off-White, MM6 Maison Margiela, Rick Owens, J.W. Anderson, Ganni, Paul Smith, Fred Perry, Barbour, Coperni, Axel Arigato, Sportmax, and Carhartt WIP. Since April 2024, the brand's first boutique has been located in Warsaw's Norblin Factory, where you can find a selection of the most interesting products available at PRM.
For additional information, please contact:
Paweł Strzyżewski
InnerValue
Investor Relations
p.strzyzewski@innervalue.pl
+48 506 229 863