The company plans to open three more stores until the end of 2024 and the next store opening is also due in March, in the town of Galati.
The company has 11 Farmec stores in the cities and towns of Cluj-Napoca, Arad, Brasov, Sibiu, Targu-Mures, Timisoara, and 17 Gerovital stores in the cities of Bucharest, Brasov, Constanta, Cluj-Napoca, Timisoara, Craiova, Ploiesti, Iasi, Oradea, Sibiu and Targu-Mures. Beside the 28 brand stores, there are also two other franchise units located in the towns of Baia Mare and Pitesti.
Farmec managed to exceed the EUR70 million turnover mark at end-2023, seeing an over 10% increase, which sustained a 50% profit growth versus the previous year. In 2024, the company targets an at least 10% advance in turnover, Farmec CEO, Mircea Turdean, previously told the CEO Strategy show, a project by Ziarul Financiar daily in association with ING Bank.