Lauma Lingerie opens first franchise store in Africa
November 29, 2014 by admin
Filed under Latest Lingerie News
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The store has been opened in the Ugandan
capital Kampala and is located in the ”Nakumatt Oasis” shopping mall.
The company’s board chairman Linda
Matisone admitted that this is the first franchise store in Africa, but the
fourth franchise store outside of Europe. She also added that the company also
opened up a franchise shops in Mongolia this past September.
As reported, Lauma Lingerie achieved EUR 10.24 million in turnover last year.
The company posted EUR 997,369 in
profit in 2013.
Lauma
Lingerie operates over 50 franchise shops in such countries Latvia,
Lithuania, Estonia, Russia, Belarus, Ukraine, Mongolia, Uganda, Albania and
Saudi Arabia.
The company plans to continue
investments in its development this year.
Joint-stock Lauma Lingerie was established in 2005, and is a subsidiary of
joint-stock Silvano Fashion Group.
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