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The Convenience Shop p.l.c. announced an IPO of €7,700,000 ordinary shares.
The Group traces its origin to its first The Convenience Shop outlet in Zebbug, which was opened in 2009. The founding directors envisaged that the modern Maltese lifestyle would create a gap in the Fast-Moving Customer Goods (“FMCG”) retail business, and The Convenience Shop sought to bridge this gap by increasing its presence in several localities, operating with increased opening hours, and offering an assortment of products that suited customers’ daily needs. 2014 saw the first The Convenience Shop franchise outlet in Ghaxaq, which set off an accelerated pace of store network growth to over 30 outlets by the end of 2016, over 50 outlets by the end of 2018 and over 70 outlets by end of 2020. To date, the Group has 83 outlets across 48 carefully selected localities.
More details about this IPO on this link.
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