Romania is not the only market where the group made such moves last year, shows a group document, which does not include the value of each acquisition, though.

Another group document shows the company between 2019 and 2021 invested EUR80 million in production, more specifically in strategic acquisitions for a “better vertical integration”.

Prada has 23 production units. Locally, the group is developing a new plant. Hipic Prod Impex ended 2020 with RON28 million turnover, down from RON45 million in the previous year. The decline can be accounted for by the pandemic.

(English version by Catalina Apostoiu)