“In December 2015, we opened five new stores and the inauguration of the units in Medgidia and Turnu Magurele is confirming the expansion direction started two years ago, which will be continued, even stronger, this year,” said Dragos Sirbu, Flanco Retail CEO.
Last year, Flanco opened 11 stores and reached a 100-unit network. In 2015, the number of Flanco employees rose to 1.200.
The company is fully owned by businessman Iulian Stanciu, who also owns a 25% stake in Dante International, which owns eMAG.ro.