Last year, Flanco opened 25 new stores, thus reaching a 122-unit network in 74 Romanian cities. The company invested RON14.3 million in 2016, of which 70% were used for opening new stores.
In 2017, Flanco will invest over RON8 million, while the turnover is estimated to increase by 5% to RON960 million.
Flanco is owned by local entrepreneur Iulian Stanciu, who is also minority shareholder and CEO of online retailer eMAG.