Berlin Brands Group, set up by two Slovaks, keeps expanding
Berlin Brands Group, set up by two Slovaks, Dominik Brichta and Peter Both, acquired 15 online stores and took a €200m bank loan to fund expansion over the past four months. It is headquartered in Berlin, and the Slovak duo still has a majority stake in its CEE assets (and a minority stake in Western European assets). It plans to increase its sales to €500m in 2022 from last year’s €330m. It keeps gobbling up fast-growing online stores; it owns 40 of them in 28 countries. Brichta heads the BBG’s acquisition team. BBG employs 900, of whom 130 are in Slovakia.