“Angst has 24 stores, and there will be several more launched by the end of the year. All will be rebranded by the end of 2012,” Angst owner Sorin Minea told a news conference.
The retailer has launched Thursday a new store in Bucharest, with a surface of 390 square meters and 40 employees. The store offers some 4,000 products, including 700 Carrefour items.
The partnership between Angst and Carrefour is a Romanian first, as Carrefour brings its experience and negotiation edge and Angst brings a 21-year background on the local market.
Minea added the Angst network will not expand outside Bucharest at this time, and he does not want to sell the brand.
The Carrefour network includes 23 hypermarkets, 39 supermarkets and one proximity store in Romania.