The company’s profit slid by 65% to RON46.1 million and the number of employees dropped by 75 to 2,753 people.
Arabesque representatives did not answer ZF’s request for information regarding 2023 business evolution and plans for the coming period.
In early 2023, Arabesque opened the eighth MatHaus store in Suceava, in the wake of a EUR25 million investment.
Founded in 1994 in Galati by businessman Cezar Rapotan, Arabesque has also expanded abroad.
(English version by Catalina Apostoiu)