Monnari to extend its commercial area

Clothing firm Monnari Trade plans to increase the commercial surface of its stores and improve the profit margin, the company's CEO Mirosław Misztal said on Wednesday. New 11 stores should be open end 2014, with several more introduced in 2015. Thanks to increasing the commercial space Monnari expects not only more profitable contracts with shopping mall owners, but also better prospects to demonstrate their still growing product range. Currently, Monnari's network  includes 119 shops, with only one placed outside shopping malls. The stores offer their wares in all big and mid-sized Polish cities. The total commercial area of the stores amounts to 19,140 sqm. The company may conquer foreign markets via a takeover of peer Kan, which is already present on Russian and Hungarian markets. Negotiations should be completed by the end of 2014.