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Former Teacher Turned Entrepreneur: Turnover Of RON280M From Retail And Meat Processing
A former teacher from Ramnicu Valcea, Dumitru Craciunescu, has in the last two decades created a RON280 million (EUR63.8 million) business with a chain of 27 food stores under the DIANA bran...
Spar To Open Two New Stores In Its Second Try On Romanian Market
Brasov-based company Retail D&I 2011, which holds the franchise of Dutch retailer Spar on the Romanian market, will open two stores in Brasov in March, bringing the total number of Spar-bran...
Biggest Romanian Bet In Food Retail: From EUR100M Investments To Insolvency
Romanian businessman Dinu Patriciu surprised the entire retail market in 2010 when he “declared war” on foreign retail chains and started to develop the Mic.ro and Mac.ro stores (formerly Mi...
Austria’s bauMax Invests EUR20M In New Romanian Store
Austrian building materials retailer bauMax will invest around EUR20 million in a new store in Cluj-Napoca city, northwestern Romania, the company’s general manager for Romania and Bulgaria,...
Auchan To Develop Shopping Centers Branded As Auchan City
French retailer Auchan will start the development on the Romanian market of shopping centers branded as Auchan City. The first of them will be built this year in the Giulesti district, in th...
Hypermarket Chains Have Opened 135 Stores In Romania In 11 Years
The five retailers that operate on the Romanian hypermarket segment currently have 135 stores, which generate turnover of over EUR3.5 billion.
Foreign Networks Continue To Expand In Anticipation Of Consumer Spending Rebound
The year 2012 will see investments of tens of millions of euros of foreign supermarket and apparel retail chains continue. It may also be the year when UK’s Tesco arrives, a scenario specula...
Top Retailers Invested Hundreds Of Millions Of Euros In New Stores In 2011
Modern retailers continued to invest hundreds of millions of euros this year in the opening of 150 new stores, despite the 4.5% decline of consumer spending in the first ten months.
Small Delicacy Stores, Or How To Draw Customers Away From Supermarkets
The niche of delicacy stores is starting to take shape on the Bucharest market, as small businesses seek to persuade consumers that they offer a viable alternative to the mass products found...