Bulgaria's E. Miroglio to Open Dika Fashion Stores in France

Business | July 19, 2018, Thursday // 12:10| Views: | Comments: 0
Bulgaria: Bulgaria's E. Miroglio to Open Dika Fashion Stores in France

SOFIA (Bulgaria), July 18 (SeeNews) - Bulgaria-based textile company E. Miroglio plans to open fashion stores in four French cities by the end of the year, which will operate under the Dika brand, it said on Wednesday.

The company intends to open stores in Saint Etienne, Montpellier, Grenoble and Toulouse, E. Miroglio said in a statement, adding that it also plans to open new stores in the Bulgarian coastal cities of Varna and Burgas.

E. Miroglio purchased the local Dika brand in the end of 2017, when its former owner halted operations. E. Miroglio also acquired two apparel factories in neighbouring Serbia, in Dimitrovgrad and Pirot, close to the border with Bulgaria.

In 2017, E. Miroglio revenues rose to 235 million levs, compared to 232 million levs in 2016. The company's profit soared to 17 million levs last year, from 3 million levs in 2016.

E. Miroglio owns 11 textile factories in Bulgaria located in the cities of Sliven, Yambol and Svishtov.


Business » Be a reporter: Write and send your article
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria