“Talks lasted for several months. Another local retailer was also on the table, but we had a good chemistry with Annabella owners,” says Ion Soloman.
The businessman thus sold 12 stores, of which 11 are already operational and one is under construction, set to be opened in August. All the units are located in Dambovita county.
“The deal envisages the spaces, machinery, brand and employees. We have 150 employees in stores”.
For Annabella, the most powerful local retailer, with 100 stores in Romania’s southern area, the deal marks its arrival in Dambovita county.
In line with the latest ZF data, Best Market business is operated by Livorno Store SRL with RON81 million turnover in 2021.
Annabella SRL, which operates the store network with the same name, for 2022 reported RON480.4 million turnover, 20% higher than in 2021.
(English version by Catalina Apostoiu)