Apparel retailer Fashion Box Hellas has ploughed EUR894,000 (US$1.06m) into the growth of its retail operations, vice president and chief executive officer Konstantinos Tsouvelekakis told investors.

Fashion Box aims to raise its existing market share of 5% with the opening of 12 new stores on the domestic market and overseas in the next five years.

The company aims to open both privately owned and franchised stores.