The first unit under the MatHaus brand was opened in the city of Iasi, in 2017, as part of the company’s strategy to forego the Mr. Bricolage brand it holds under franchise system, after the initial plan to sell the store chain to British group Kingfisher had failed.
Besides the investment in the unit located in Calea Vitan (Vitan Avenue) area in Bucharest, Arabesque also plans to modernize the stores in Galati, Constanta, Craiova, Pitesti and Oradea, all under the MatHaus brand- the company’s retail division.
Arabesque has 38 retail centers in Romania, Moldova, Ukraine and Bulgaria and currently has more than 2,700 employees.
The Romanian construction market had a positive evolution in 2017 and figures for the first quarter of 2018 show promise, according to a survey conducted by KeysFin, ordered by Arabesque, the largest construction materials wholesaler in Romania.
Due to economic growth, demand for office spaces, housing, and industrial constructions has grown significantly and sales in the construction materials sector could reach a record RON30 billion this year, the survey found.
According to the survey, there are over 60,000 construction companies operating in Romania.