Belgian Baunat announces EUR-2.8m capital hike - report.
The company will use the funds to accelerate its growth and expand its diamond collection.
Baunat, which generates 95% of its sales on the Internet, expects to triple revenues this year. The company also considers opening shops in Germany, France and Switzerland in addition to its outlet in Antwerp. A shop in the Far East is also under consideration.
Baunat exports currently more than 85% of its products. Belgium accounted last year for 50% of the company's sales.
(EUR 1.0 = USD 1.447)
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|Publication:||ADP News Belgium|
|Date:||Jul 5, 2011|
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