Vistula fulfills 2005 projections and plans expansion in 2006

The company enjoyed a zł.16 million net profit on revenues of zł.133 million, while in 2004 it posted revenues of zł.121 million with a profit of zł.21 million. Vistula is in the process of expanding its network of salons, where margins on its clothing are the highest. In 2004, the company owned 37 salons, while in 2005 the number increased to 60. The company's goal is to sell two-thirds of its production through its own salons (in 2005 the figure was 47%). Vistula also plans to develop its sales network on the Slovak, Hungarian, Lithuanian and Ukrainian markets. The company currently launched its new brand Luigi Vesari for its wholesale clients and the first franchise stores are to open soon. Vistula is the distributor for Murphy & Nye clothing in this country; it is also considering taking over one of the networks selling women's clothing. (Parkiet, p. 4) D.W.