Answear.com S.A. (WSE:ANR) agreed to acquire Sneakerstudio And PRM Brands of Fashion Trend from Fashion Trends Group Sp. z o.o. for PLN 18.85 million on February 9, 2023. Under the terms of the agreement, Fashion Trends Group. will cover a total of up to 650,000 Answear.com shares, which, with the issue price of PLN 29. In 2022, Sneakerstudio and PRM, according to preliminary sales data, generated PLN 136 million in revenue, and break-even is planned for this year. As on May 12, 2023 The Annual General Meeting of Shareholders approved financing the acquisition entirely with Answear.com shares. Equity Advisors Sp. z o.o. sp. k. acted as financial advisor to Fashion Trends.

Answear.com S.A. (WSE:ANR) completed the acquisition of Sneakerstudio And PRM Brands of Fashion Trend from Fashion Trends Group Sp. z o.o. on June 1, 2023.