WSE debut for Łódż clothing manufacturer

Łódź-based clothing designer and retailer Redan, which owns the famous brand Top Secret, intends to debut on the Warsaw Stock Exchange (WSE). The firm has already selected advisors responsible for drafting the issue prospectus. Last year, Redan increased its sales by more than 90% and net profit by 280%. The firm earned over zł. 7.6 million with sales of zł. 93 million. Redan produces and designs its collections in Poland, but production plants are located in the East for lower costs. According to Barbara Wandachowicz, president of the National Fashion House (KIM), Redan has promising per spectives of further expansion, since its products target young people who are the most attractive customers. "Redan wants to follow the footsteps of another designer LPP, however its success on the bourse won't be as sp ectacular as its rival's" said analyst Bartosz Ostafiński from brokerage house Beskidzki Dom Maklerski. (Puls Bzinesu, p. 6) A.Z.