The stores were launched in Constanta, Braila, Brasov and Ramnicu Valcea. The company’s network was thus widened by 4,600 square meters, to 41,500 sqm. In addition, the company now has 870 employees, since the new stores employed 60 people.
“Flanco has launched a total 14 new stores this year, with an overall budget of RON37 million, including stocks,”said Gabriel Peres, the company’s sales manager.
Romania’s competition authorities recently approved the takeover of Flanco Retail by Asesoft Web, part of the Asesoft group, which operates on the electronics wholesale market.