Thus, the stores will continue to operate under Angst name, as part of the company’s strategy, while the company might also open another stores, depending on the opportunities. According to Minea, Angst will continue to collaborate with Carrefour and Artima on other segments.
Following the decision, Express a Carrefour network will include 43 stores.
The partnership between Angst and Carrefour, signed in September 2011, involved the rebranding of the 22 Angst stores as Carrefour Express.
According to Angst president, the return to the initial name will not trigger significant investments.
The Carrefour network also includes 25 hypermarkets, 79 supermarkets and one online store in Romania.
Angst group was established in 1990, and is 60% controlled by Sorin Minea, while Liudmila Minea and Bernadette Martha Maria Wyrsch-Angst own a 20% stake each.
The company owns three plants, in Buftea, Sinaia, and Videle.
Minea also stated that, this month, Angst will inaugurate a new production line of cooked food and salads at its Buftea-based plant.