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Jasmin cosmetics chain to have 200 stores in 2010


2010-09-06

Eko Holding retail and distributing group will develop Jasmin, a chain offering cosmetics. By the end of 2010 the network is to be expanded to 200 establishments. The chain is to be developed via a franchise, therefore the investment costs will be minimal, as the group’s management underlined.
Jasmin is being developed by Polska Grupa Drogeryjna (PGD), a distributor of cosmetics, belonging to Eko Holding, which in April 2010 acquired 64% stake in Drogerie Aster, another cosmetics chain. After the acquisition PGD has started developing a chain based on Aster network. At present, Jasmin has around 48 establishments. Moreover, the company has already signed contracts on 50 new franchise establishments.

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