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January 23, 2002

HUNGARY: Germany’s Deichmann To Open Shoe Chain

German footwear giant Deichmann plans to open between 35 and 40 new shoe shops in Hungary in a bid to take a 10-15 per cent stake of the Hungarian market in the next couple of years. In the four months since it was opened, Deichmann's fist store in the Mammut-II shopping centre in Budapest generated a turnover 50 per cent higher than forecast.

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