Polskie Jadlo, the restaurant group, and Ko-operator, a company from the same segment, signed a consolidation agreement under which Polskie Jadlo will take full financial and operational control over Ko-operator. A capital merger is scheduled for 2010/2011 and both companies will start consolidating their financial results in September 2010.
The partners plan to commence own production of Polish traditional food from the premium segment, whose production is currently outsourced. Moreover, Polskie Jadlo will launch a chain of small and medium-sized bars, offering Polish dumplings, produced by the company.
To date, Ko-operator has been the main franchisee of Polskie Jadlo. At present, Ko-operator manages nine restaurants based on the Polskie Jadlo license in Warsaw, Czestochowa, Krakow and the Silesia region. The companies also jointly implement new gastronomy projects.
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