The company took its first step outside Cluj in 2019, when it opened a shop in Oradea. It then added two more in the same city and once the lockdown ended opened another in Cluj-Napoca. In all, Panemar has 43 stores and its business strategy is to consolidate the bakery and pastry chain.
The profit rose 20% to RON9.1 million in 2019. The bakery and pastry brand has constantly grown in the past decade both in terms of financial results and number of stores, according to Finance Ministry data. Panemar’s sales have grown five-fold since 2010, ZF has calculated.
Panemar’s plant has a production capacity of 25 tons of bread and 5.5 tons of pastry per day, the company founder said.
(English version by Loredana Fratila-Cristescu)