The company made more than RON19 million (EUR4 million) net profit last year, 62% more than in 2018, about RON11.8 million (EUR2.5 million), according to publicly available data.
Entrepreneurs George Adragai and Mircea Cosmin Postole started the business in 2010, shortly after the onset of the financial crisis, which caused many Romanian consumers to tighten their purse strings. Pretzel shops have become the breakfast destination for many Romanians, which is why more and more such stores opened.
Luca has pretzel shops in Bucharest, Bacau, Braila, Galati, Pitesti, Targoviste, Brasov, Constanta, Onesti, Falticeni, Radauti, Suceava and Botosani, the corporate website says. It is one of the largest and most famous pretzel shop chains in Romania.
(English version by Loredana Fratila-Cristescu)