Kan begins to get dressed for success

The company currently has 15 own foreign outlets: 5 in Russia, 3 in Hungary, 5 in the Czech Republic, 2 in Germany and 7 franchise outlets in Russia. By the end of 2006 the foreign networks will consist of 24 own and 15 franchise outlets. "We intend to start building our network in Ukraine," stated Kan's financial director Jacek Ulowski. "In Poland we intend to develop the franchise network. Our own outlets will also be established, but in the smaller cities than it is now," added Ulowski. The stores are financed from the company's own funds and loans, but Kan has been contemplating a debut on the Warsaw bourse for several years. "On the one hand we prefer to rely on our funds and loans, but on the other hand we want to develop faster and the bourse is necessary for that," stated Ulowski. The company's representatives estimate that Kan will be listed on the bourse within two years. In 2005 the company generated revenues of almost zl.130 million and a net profit of zl.5.1 million. (Puls Biznesu, p. 9) E.B.