Kumulus Vape: buys two networks of shops in France


(CercleFinance.com) – Kumulus Vape announces today the signing of two contracts for the acquisition of networks of shops located in France, in ‘strategic’ geographical areas.

The acquisition price will be paid mainly in cash, but also by the creation of new Kumulus Vape shares, the terms of which will be published in a subsequent press release, indicates the company.

The cumulative 2022 turnover of the two brands acquired is estimated at nearly €1.7 million, with profitability at this stage dilutive. Kumulus Vape says it is ‘confident’ in its ability to raise the profitability of these networks to levels comparable to its own.

The staff of the 8 stores (ie 10 employees) are now joining the ranks of the Company and their managers continue to manage the commercial strategy of their respective brands.

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