“Otter Distribution group expands further with the simultaneous opening of Tezyo and Salamander stores in the new shopping center AFI Brasov. Transylvania becomes a key region for the company,” said group founder Filip Schwartz.
The company estimates an average number of 700 visitors a day for each of its two new stores.
Otter Distribution operates over 60 stores in Romania under the brands Tezyo, Salamander and Aldo.
The group had a turnover of 204 million in 2019, up 11% on the year, and a net profit of RON2.26 million, five times higher than in 2018, according to finance ministry data.