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Company briefs

Mar 05, 2014

The Swedish apparel chain Hennes and Mauritz has plans this year to open three new stores in Riga, with one sporting a new concept - home textiles, under the banner - H&M Home, reports Nozare.lv. Two stores will be opened this spring in the Spice and Riga Plaza malls, and in Domina this fall. Riga Plaza will be the outlet offering products completely new to the H&M line - home textiles. H&M spokesperson Tina Mietinen said that the year is off to a good start, with new collections, inspired by the Olympic Games.

The Estonian Saku Olletehas (Saku Brewery) beverages producer reported a 5.2 million euro net profit in 2013 on sales of 71 million euros, the latter up 5 percent, reports Postimees Online. Sales volume grew with the support of exports, to 104 million liters, exceeding all earlier years. “The record sales volume of 2013 consists of sales of beverages produced by us as well as outsourced products. Saku’s production volume was last year also at the highest level – 80 million liters of beverages, from beer to soft drinks,” said Saku Olletehas board chairman Margus Kastein. Kastein said that the brewer has managed to increase exports successfully in recent years and last year 50 percent of the volume of beverages produced by Saku was exported. Estonia’s own beer market was down slightly last year while the sale of cider and long drinks and soft drinks increased.

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