Monnari to extend its commercial surface

Clothing investor Monnari Trade plans to increase the commercial surface of its stores and improve the profit margin. New 11 stores should be open end 2014, with several new introduced in 2015. Thanks to increasing the commercial surface Monnari expects not only more profitable contracts with shopping malls’ owners, but also better prospects to demonstrate their still growing product range. Currently, Monnari chain store includes 119 shops, with only one placed outside shopping malls. The stores offer their wares in all big and medium Polish cities and total commercial surface of the stores amounts to 19,140 sqm. The company may conquer foreign markets via a takeover of Kan company which is already present on Russian and Hungarian markets. Negotiations should be over end 2014.