AS Baltika Signed First Franchise Agreement
OREANDA-NEWS. On 2 April AS Baltika signed franchise agreement to open Monton fashion stores in Belarus with Belarusian retail operator Valanga OOO. The plan involves opening in the next five years at least 5 Monton stores with 150-250m2 operating area in Minsk. The first Monton store in Belarus and Baltika’s first store under franchise agreement will be opened this year in August.
Baltika set as the objective for 2013 expansion through various channels and herewith the first franchise agreement has been signed. Company continues to search for franchise partners in Russia and other countries in the nearby region.
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