Women's apparel producer and retailer Pervomaiskaya Zarya has drawn up plans to rebrand and expand its Zarina fashion chain under its Befree banner.

The company said it will open up to 75 new stores under the Befree brand by 2005 when it also plans to have triple turnover to $12 million.

The St Petersburg-based firm added it expects its full-year turnover to grow by around 40 per cent in 2003.