Wittchen wants to have 90 outlets by 2020

Polish premium footwear and clothing group Wittchen wants to remain a leader on the Polish market and create a strong, international brand. The company plans to increase the number of stores to 90 by 2020, and by three-four this year. Currently, the company has 65 outlets. The company also said that it wants to develop its e-commerce segment. "E-commerce is our priority, it's the idea for business development. We are proud that 99 percent of orders are dispatched within 24 hours," said the company's deputy CEO Monika Wittchen. On Wednesday, the company's IPO prospectus was approved by KNF, the financial watchdog. Wittchen hopes to raise PLN 20-25 million through the IPO.