Baltika's wholesale expands to Western Europe


After two years of preparatory work Baltika received purchase orders from a
leading European department store chain Peek&Cloppenburg. The fashion retail
chain recognised the design of the women's collection of Baltika's Mosaic brand
and will include the collection in its product offer. 

Peek&Cloppenburg is the largest department store chain in Germany comprising
over 80 department stores in the country and altogether over 100 department
stores in Europe. Besides Germany, Peek&Cloppenburg is represented in Austria,
Belgium, the Netherlands, Switzerland, Poland, Hungary, the Czech Republic,
etc. The fashion retailer is offering a wide selection of quality brands
including Burberry, Hugo Boss, Pierre Cardin, Marco Polo, Gerry Weber, Mexx,
Esprit, s.Oliver, Tommy Hilfiger and Tom Tailor among others. 

Baltika will ship the first orders in November of this year. The year 2009 is
going to be a test period during which the sales of the collection and the
quality of the products and deliveries will be monitored. During the test
period Mosaic's collection will be included in 13 department stores in five
countries. 

Cooperation with Western European partners is the strategic direction of
Baltika's wholesale. Presently, Baltika's main wholesale partners are located
in the Baltic countries, Russia and Finland. Recently, Baltika launched
wholesale in Belorussia. 


Triin Palge
Head of investor relations
+372 630 2886
GlobeNewswire