PwC said the stores are still up for sale and there are talks with several prospective buyers or tenants without reaching concrete agreements.
More than a year ago, PwC said it found a buyer for four of the five PIC stores. Businessman Nicolae Sarcina, owner of Succes stores, had committed to buy four PIC units for around EUR20 million. At that time, Sarcina had already rented out the spaces of PIC stores in Pitesti and Craiova, which had already been rebranded as Succes. The two retail spaces are still rented by Sarcina, but the sale agreement fell off.
The PIC network, controlled by brothers Ilie and Cornel Penescu, entered insolvency at the end of 2009 and subsequently went bankrupt due to debts of EUR78 million.