Sfinks to go public before Papa John arrives in town

"We plan to debut on the stock market still this year," said Piotr Mikołajczyk, president of Sfinks Polska, which runs the chain of restaurants. All funds will be designated for opening new premises, both under the current brand, as well as new ones. "In 2-3 years the market will be saturated with Sfinks restaurants. Due to this we have to prepare new brands now. We are looking at those, which could rapidly develop," said the president. Currently Sfinks owns about 80 restaurants and it is opening 15-20 new outlets each year. The firm will soon face a strong American competitor, Papa John's Pizza. (Parkiet, p. 1) M.M.