The transaction was brokered by real estate consultant Cushman & Wakefield Echinox.
The Cupio brand was launched by Razvan and Raluca Stefanescu with an initial investment of EUR10,000 in 2012. The company has 21 stores in Romania and internationally the products are sold through distributors in Germany, Italy, Denmark and Belgium. Cupio has reached EUR15 million revenue.
“The need to operate in a larger space has grown with the development of the brand, both in terms of diversifying the product portfolio and increasing the number of employees,” said Razvan Stefanescu, CEO of Cupio.
(English version by Loredana Fratila-Cristescu)