Nuba Group is also active in the HoReCa industry and is held by entrepreneurs Alin Negulescu, Jean Sasu and Alexandru Nanu.
Businessman Gino Iorgulescu is the seller.
The buyer says the transaction is part of the Group’s plans to expand on the local market. Nuba Group operates seven restaurants, namely, Nuba White, Nuba Sumer Vibes, Nuba Cafe, Nuba Beach Club, Nuba Town, Nuba Chalet and Hiro. In 2022, it had a turnover of EUR15 million and 250 employees, and for 2023, it targets a turnover of EUR25 million, said company officials without mentioning whether it is about the cumulative result of Nuba and Trattoria il Calcio.
The Trattoria il Calcio restaurant chain had a turnover of almost RON17 million (EUR3.5 million) in 2022, up 34% from 2021. The Group includes Trattoria il Calcio Universitate, Trattoria il Calcio Magheru, Trattoria il Calcio Delea Veche, Trattoria il Calcio Floreasca and Pasticceria Universitate.
The new owner says it will not operate a rebranding of the company acquired, as it plans to keep the names of the units, but the restaurant chain will undergo renovation works. Nuba Group seeks to open two new units in Iasi in 2023.