The value of the contract was not revealed, but judging from the size of the chain to which the Romanian manufacturer will supply products, it becomes apparent that this is one of the most important contracts in the furniture industry signed in recent years.
“Cotta International is the most important supplier of sofas of the entire kika group,” said Lars Lund, who runs kika Romania. Cotta officials had not provided an answer to ZF’s request for comment by the time the story was ready to publish.
According to Finance Ministry information, the business of Cotta International has tripled in lei over the last five years, to 162.7 million lei (EUR38.5 million) in 2009. The company is controlled by an entity registered in Liechtenstein and by Florica Tucudean, a 46-old Romanian from Arad.