For 2019, Flanco, fully owned by local businessman Iulian Stanciu, expects 12% growth in sales, pans to expand its network with 20 new stores and to invest RON12 million.
At the end of 2018 Flanco Retail had 135 stores with a total sales ares of over 70,000 square meters. It opened 18 stores and closed eight others throughout the year. It also remodeled 13 of its stores.
Flanco invested RON10 million in 2018, 25% more than in 2017, in stores, IT infrastructure and human resources programs.