News
Debut of MONNARI TRADE - a clothing company from Łódź
MONNARI TRADE made its debut on the main floor of the WSE during the 20 December 2006 session. A total of 2,500,000 rights to ordinary bearer shares, D series, were introduced to trading. Monnari Trade is the 33rd company to make its WSE debut this year. With this debut, 279 companies are currently quoted at the WSE. The sectoral classification of Monnari Trade is ‘Trade’.
In his speech welcoming the 33rd debutant on the Warsaw floor President Ludwik Sobolewski said Let me extend my welcome to a beautiful company. This is a beauty that can be seen with unarmed eye. I am certain that Monnari will add glamour to the WSE. This was President Sobolewski’s reference to the numerous female staff from Monnari who came to the ceremony. Then President mentioned an article in Financial Times, issued on the day of the debut, which described the dynamic growth of primary market at the Warsaw Stock Exchange. Today, we do not really need to tell companies why it is a good idea to get listed at the WSE. Instead, we should ask why they are not here yet, Ludwik Sobolewski added.
The CEO of Monnari Trade, Marek Banasiak, greeted his staff who came to the ceremony. Many employees had the opportunity to attend because the company marked its debut by offering a day off to its staff.
Today is a big day for our Company and for me personally. I extend my thanks to the hundred people of Monnari who withstood the fast-paced work, often in a very nervous atmosphere. You have all contributed to Monnari’s growth and to its stock market debut today. However, this step is not the end. Rather, it is the beginning of a new journey. I am certain that our Company has excellent prospects ahead. The financial foundation is robust and the presence at the WSE will help the Company gain even more prestige. Our presence here will strengthen the Monnari brand and offer us a greater sense of security with easier access to capital. My dream is to establish a chain of boutiques in China. I believe that one day this dream will come true.
From the left: Ludwik Sobolewski, Katarzyna Latek, Mirosław Misztal, Marek Banasiak, Anna Banasiak
Essential information about the Company
Monnari Trade has operated on the Polish market since 1988. The Company was founded in April 2000 but its history goes back to 1998 when a partnership under this name was founded. Monnari Trade is wholly Polish-owned.
The core business consists in developing collections of women’s apparel and selling them though a chain of company boutiques. In mid-2006 the Company had 74 its own shops plus 10 franchised outlets.
The Company’s business operations involve broadly understood brand management, in particular:
– designing clothes collections,
– managing brands,
– commissioning and supervising production,
– running marketing activities, incl. advertising and brand promotion,
– selling clothes and accessories under its own brand in its own boutiques.
The Company intends to manage other brands as well. With this aim in mind, it has acquired another trademark: PABIA.
The Company no longer does its manufacturing. Most products are made abroad, in Far East countries. However, in order to ensure safety of deliveries and the ability to respond quickly to market’s demands and preferences, some of the products are made in Poland.