“Until the completion of the transfer process, G’market will continue operations,” Mega Image said in a news release.
The G’market stores are located in shopping centers Plaza Romania, Bucuresti Mall and in Colentina. They have a total retail surface of 6,436 square meters.
Mega Image announced it will invest some EUR50 million this year to open a warehouse and 23 stores. The network’s expansion refers mainly to the launch of Mega Image units, mostly in Bucharest and its outskirts.
The Mega Image network has been active in Romania since 1995 and it has 94 stores.
G’market stores posted sales of 70 million lei (EUR16.2 million) in 2010.