Spain’s Inditex opened a Zara store in the oldest mall in Romania, Bucuresti Mall, in the Vitan district of Bucharest, held by Anchor Grup, in 2009., The store took up 1,700 square meters, according to the information ZF got at that time. Zara had only five stores in Romania at the time and was preparing for a sixth.
The Bucuresti Mall Zara store closed last fall, after the contract between the parties expired, as sources told ZF. Inditex kept only one store in that mall, Massimo Dutti.
The space formerly occupied by Zara is now being used by Reserved, as LPP is expanding fast, especially with the low-cost brand Sinsay. The other brands of the group are House, Cropp and Mohito, none of which have stores in Bucuresti Mall, so Reserved will LPP’s first there.
(English version by Loredana Fratila-Cristescu)