News about negotiations for a potential sale comes after the company has become much more visible lately. More precisely, the retailer started revealing regional expansion plans after having stayed out of the media for a while.
PPT Preturi Pentru Tine launched by four local entrepreneurs in 2006 has about 180 stores in Romania, the Republic of Moldova and Bulgaria and is taking steps toward regional expansion.
PPT Preturi Pentru Tine is a EUR50 million business, with sales having gone slightly up compared with 2016. It sold more than 25 million items of clothing and footwear in its stores, which means an average price of EUR2 per item.
PPT Preturi Pentru Tine did not return ZF’s calls for comment by press time.
(English version by Loredana Fratila-Cristescu)