Galeria Centrum joins Vistula & Wólczanka

"We sold GC because its offer differs from all of our remaining brands. Besides, the profitability level of GC is far below the rest of our portfolio," said EM&F president, Maciej Dyjas. Thanks to the transaction EM&F hopes to improve its consolidated results, while V&W hopes to increase its market presence. "We have gained significant commercial space in good locations, and we want to further increase this to improve profitability. The brands available in GC also fit products available in our stores," said V&W president, Rafal Bauer. (Puls Biznesu,p.12) A.K.