Gino Rossi borrows money from management in crisis

The firm is also planning to issue new shares, new bonds and acquire bank loans. But these plans are being delayed for some time, as the share value of the firm on the bourse is very low and dropped a further 6.5% to zł.12.15 after the management board lowered this year's profit forecast to zł.7.5 million, a drop of some 40%. The firm had to face a lower sales margin, currently standing at 39% for the whole group, due to a product range that doesn't meet Poles' expectations. The margin should increase to 43% next year, but the firm will also invest a further zł.30 million on expanding the sales network and launching a male clothing brand. In 2008 the firm will open 30 outlets, while in 2007 it will open a total of 38, pushing the total number of stores up to 174 by the end of the year.