LUXURY
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Mobexpert Owner Dan Sucu Launches Luxury Residential Project Nordului 56 In Bucharest
Mobexpert owner Dan Sucu and real estate developer Marian Mihai have launched Nordului 56 residential project, which includes 119 luxury apartments and is located on Soseaua Nordului, near the Herastrau Park in Bucharest. The total sale value of the project is...
Used Premium, Luxury And Supercar Dealer United Drive Enters Romanian Market After EUR7M Investment
The premium and luxury car market in Romania attracts a new player - United Drive, a dealer specializing in used premium, luxury and supercars. The EUR7 million investment is focused on the...
Top Luxury Brands Including Dior, Saint Laurent, Celine And Loewe Come To Stirbei Palace
Real estate developer Hagag Development is reopening the Stirbei Palace on Calea Victoriei in Bucharest, turning it into „the first luxury department store in Romania”. The opening is schedu...
Luxury Watch Retailer EraVault Opens First Store In Bucharest
Luxury watch retailer EraVault has opened its first store in Bucharest, in a EUR250,000 investment.
Guerlain to Open Its First Single-Brand Boutique in Romania
Guerlain, a brand active on the luxury perfumery and cosmetics market, will open its first single-brand boutique in Romania. Until now, the brand has been available locally only via distribu...
Italy’s Moncler Set to Invest EUR10M to Expand Romanian Operations
Italy’s fashion group Moncler, active on the luxury segment, plans to develop a new plant in Romania, where it will hire 300 people, and also to build a kindergarten for employees’ kids. Tot...
Luxury Hotel Business Halves to RON57M in 2020
Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show.
Luxury Segment, Fastest Growing On Romania’s Cosmetics Market
The luxury perfume, makeup and personal care product segment grew by more than 20% last year, twice faster than the rest of the market. The luxury market is seeing the fastest growth, after...
Luxury Car Registrations up 24% in Romania in 2019
Sales of luxury cars saw their best year in a decade in 2019, as brands added SUVs and new sedans to their portfolios and the economy went through its eighth year of growth in a row.