More shops after Empik Media & Fashion changes name

Stock-listed national investment fund NFI Hetman, whose majority shareholder is Eastbridge, has changed its name to Empik Media & Fashion. "The old name did not reflect the nature of the business. We hope this new title stresses that we will fight for a significant position in the lifestyle market," said president of the re-named firm Maciej Dyjas. He added that the enterprise is intending to open 15-20 stores annually over the next three years, but in his opinion the market could easily accept 35-40 outlets a year. Financing will be obtained internally, as the company is able to open 20 outlets annually on its own. "We can reinvest zł.40-50 million a year. If we needed money it could be obtained from loans or the floor. However, the new share issue should not be expected earlier than 2004 to 2005," said Dyjas. (Puls Biznesu, pp. 1, 8) M.M.