Crido Legal has advised Polish Apple reseller iSpot on its acquisition of the competing Cortland chain.
According to Crido legal, “the transaction was signed in mid-February and closed on March 31. It means that the largest premium reseller of Apple in Poland (iSpot) has acquired the second largest. As a result of the acquisition, iSpot's and Cortland’s joint revenues are expected to exceed PLN 1 billion in 2023, and the chain will in total have 47 stores across Poland, with around 600 employees. Cortland stores will be re-branded to iSpot within the next 12 months.”
Crido Legal’s team included Managing Partner Jakub Ziolek, Partners Przemyslaw Furmaga and Edyta Defanska Czujko, Senior Associates Aleksandra Czarnecka and Tomasz Artaszewicz-Zawisza, Associates Filip Sobocinski, Alex Weklar, and Aneta Bragiel, and Junior Associates Julia Dziubinska, Aleksandra Foksinska-Pawlik, and Kacper Krolikowski.
Crido did not respond to our inquiry on the matter.