It made RON18.1 million (EUR3.7 million) net profit last year, 5% less than the RON19 million (EUR4 million) in 2019, according to publicly available data.
It had 980 employees in 2020, 29 more than in the previous year.
The owners of Tinervis Group, entrepreneurs George Adragai and Mircea Cosmin Postole, launched the business in 2010, shortly after the onset of the financial crisis, which made many Romanian consumers reconsider their spending, such as going out to restaurants. Pretzel shops have become the go-to place for breakfast for more and more Romanians over the past decade, which is why their number has greatly increased.
Luca pretzel shop chain has stores in Alexandria, Bucharest, Bacau, Braila, Galati, Pitesti, Targoviste, Brasov, Constanta, Onesti, Falticeni, Radauti, Suceava, Buzau, Botosani, Giurgiu and Roman, the corporate website shows.
(English version by Loredana Fratila-Cristescu)