Modern Commerce S.A. (WSE:MCE) agreed to acquire IT Fashion Polska Sp. z o.o. for PLN 100 million on May 21, 2021. As of May 24, 2021, out of the amount of PLN 100 million, cash payment would account for PLN 60 million, while the remainder would be paid with equity and at a later date depending on the execution of annual sales plans. For the year ending December 31, 2020, IT Fashion Polska had revenues of PLN 76.8 million. Current owner will stay in the firm, while the new owners announced continuation of the business model with some changes.