FAVORIT CZECHOSLOVAKIA plans expansion to the West

Published: 01.11.2016 Related countries:  Canada Canada

Expansion of FAVORIT to foreign markets.

Bicycle manufacturer FAVORIT CZECHOSLOVAKIA has the ambition to expand to international markets with the help of an investor that could acquire a stake in the firm. FAVORIT CZECHOSLOVAKIA’s director Richard Galovič has told ČIANEWS that the brand plans to expand to the markets in the US, UK, Netherlands, Japan, Canada, Australia, Germany, Austria and Switzerland first. According to Mr. Galovič, the new investor could be an individual or a company that will support FAVORIT’s growth. The investment amount and stake to be acquired are negotiable, depending also on the investor’s strategy.