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Charles Vogele opens first shop in Hungary

Charles Vogele Holding, a Swiss maker of fine clothing, has opened its first shop in Hungary, in Veszprém, northwest Hungary, business daily Napi Gazdaság reported on Friday.

Charles Vogele will first test the market with the store in Veszprém and another two opening in March in Dunaújváros, south of Budapest, and in Nyíregyháza, northeast Hungary, a representative from the company told the paper. The company could decide to open more shops as soon as this year. Charles Vogele, which operates more than 500 units across Europe, set up its Hungarian unit with registered capital of Ft 240 million in November 2005. In addition to Hungary, the company plans to set up shops in Slovenia, the Czech Republic and Poland.