The strategy aims to access new financing sources such as bond issues or listing on the local stock market.
Also, the company increased its share capital by almost ten times, from RON210,000 to RON2 million, and got its sales manager Dan Dodita into the shareholding structure, with a wight of 34% of total shares. The remaining stake of 66% is held by Andrei Dodita, the founder and administrator of the business.
In 2020, the company had a turnover of over EUR4 million, up 8% from 2019.
The company sells its furniture products through a network of twelve own and franchised physical stores located in Bucharest, Buzau, Barlad, Calarasi, Galati, Ramnicu Sarat, Tecuci, Pitesti and Calafat, via 100 other partner stores across Romania, on its website and on several marketplace platform such as eMag.