Chemist’s network owned by GCF is growing

APA - Austria Presse Agentur
18-07-2005, 10:31

Warsw (Puls Biznesu) – GCF, Warsaw company owning drug-stores, is opening further outlets. The first store was launched in January. “Three other stores are to be opened soon. We would like to open three others this year. We do not have a detailed investment plan. We find a site, evaluate if it is effective and ask our investor to see the project.

Warsw (Puls Biznesu) – GCF, Warsaw company owning drug-stores, is opening further outlets. The first store was launched in January. “Three other stores are to be opened soon. We would like to open three others this year. We do not have a detailed investment plan. We find a site, evaluate if it is effective and ask our investor to see the project. If he accepts it, we get funds for the project”, Karol Piasecki, GCF CEO explained.

He admitted that first, the company planned to open 30 chemist’s. Today, the management is more cautious. Costs of launching each outlet amount to PLN 350,000 (EUR 84,000) on average. GCF is owned by New Europe Trust, whose sole shareholder is Pawel Maro, a private investor. “He funds the drug-stores”, Karol Piasecki said.

“Today, law supports building networks. Unless the rules are changed, drug-store chains will develop. In Poland, there are 11,500 drug-stores and it should stay like that although the market is dynamic and some shops are launched while others closed”, Stefan Boguslawski, IMS Health Poland CEO commented.

(PLN 1 = EUR 0.240)Poland/Enterprises/Healthcare

 

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Podpis: APA - Austria Presse Agentur

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