Pietro Filipi, a Czech fashion firm started from scratch ten years ago has managed to become a trendsetter in the Czech Republic and abroad. The owners' heavy investment into a sales culture proved key for gaining a strong reputation and faithful customers.
Since 1997 the company has had good working relations with factoring company O.B. Heller (a subsidiary of Иeskoslovenskб obchodnн banka), which provides factoring services.
The company chose this cooperation because its expansion was strained by lack of operational resources due to the fact that Czech banks are still very rigid in providing loans to medium-sized companies.
"The business environment in this country is the biggest problem. There is no functional capital market and it is almost impossible to get a bank loan," says Pietro Filipi's CEO Ondшej Vojtмch.
