Griff clothes look to expand globally

After successfully offloading its various construction and furniture industry holdings, men's clothing maker Griff Gentlemen's Rt is set to go global by opening a first store in Poland next year and a couple more in China later on, chairman and CEO Zoltán Süto said. The decision was prompted by the sluggish domestic market, which is beginning to take its toll on sales, Süto added saying that the company is also leasing out its central store in Nyugati tér to move to a cheaper shopping mall. Giff last year made a profit of Ft 190 million on revenues of Ft 2.4 billion. (Vg 1) S.F.