Deichmann to increase its UK presence
30/03/2009
German footwear chain Deichmann has revealed plans to open 400 stores in the UK over the course of the next 10 years.
The company already has 31 stores in the UK, but will look to take advantage of a fall in commercial property prices, a favourable exchange rate and recent consolidation in the footwear market there to increase its footprint.
Chief executive, Heinrich Deichmann, said on making the announcement: “The UK is a key market for us. We see a great deal of opportunity for expansion here across the next 10 years. Even with the difficult economic environment we see a positive pattern of opportunity and will scale-up our presence accordingly.”
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