Step towards the bourse

Gino Rossi, a leading Polish shoemaker, plans to debut on the stock exchange in June and hopes to collect zł.50 million, which will be used for the construction of a logistics center in Słupsk, implementation of an ERP system and the expansion of the company's retail network.

"Eventually we see room for about 110 outlets in the country. In the following years we intend to develop dynamically abroad, mainly in Germany. There we can apply the highest margin," Maciej Fedorowicz, president and co-owner of Gino Rossi said at a conference.

Currently, Gino Rossi runs 87 shops, of which 16 are located abroad, among others in Berlin, Prague, Tallinn and Riga. In Q1 2006 Gino Rossi's turnover reached zł.29.5 million, increasing by 43 percent as compared with the same period of the previous year. In 2005, Gino Rossi's capital group posted zł.96 million in sales revenues and zł.2 million net profit.

Gino Rossi is a producer and distributor of formal footwear - two thirds of its shoes are manufactured in a plant in Słupsk, the rest in Italy and China.