The investment in a unit of nearly 9,000 square meters and 14,000 sqm of exterior platform reaches nearly EUR10 million. The store will have 100 employees.
The MatHaus store in Iasi offers 25,000 products and is the first store under the new brand of the shopping center and warehouse chain developed by Arabesque in Romania.
Arabesque, a RON1.55 billion business, is the second largest player on the DIY market, after the leader Dedeman. Unlike Dedeman, however, Arabesque focused on distribution operations, as most players on the market focus on retail, which is also the case of Arabesque, through MatHaus.
Established in 1994, in Galati, by businessman Cezar Rapotan, Arabesque also extended its business abroad. Arabesque distribution chain comprises over 30 shopping centers and warehouses, located in Romania, Ukraine, Bulgaria and the Republic of Moldova.