The flower shop chain reaches 17 units in Romania.
In Oradea the company opened street store and the unit in Targu Mures was opened within the Shopping City retail center.
Owner and founder Gabriel Molnar said he expects the chain’s turnover to reach EUR7 million at the end of 2020. In 2019, Comgaby Moln, the company that operates the flower shop chain, had a turnover of RON36.3 million (EUR7.7 million), up 15% on the year. It had a net profit of over RON4 million, more than triple compared with 2018, according to fiance ministry data.
The Magnolia flower ship chain was founded in 1997 in Bistrita by Molnar and his wife Ioana Molnar. Magnolia has a network of flower shops in ten cities (Cluj-Napoca, Bistrita, Baia Mare, Oradea, Targu-Mures, Brasov, Constanta, Galati, Timisoara, Sibiu) and capital Bucharest.
Magnolia collaborates with over 58,000 flower shops in 140 countries , facilitating flower delivery anywhere in the world. Its main online competitors are Floria.ro and Floridelux.ro.