Retail&Consumer
Romaqua Group Sales Flat in 2020, at RON841M
Romaqua Group, the largest local producer on the Romanian mineral water and beer market, had sales of RON841.5 million in 2020, just 0.3% lower on the year, despite the pandemic.
Innova's Optical Investment Group Completes Merger with Optiplaza and Optical Network
Optical Investment Group, owned by investment fund Innova Capital, has completed the merger with Optiplaza and Optical Network, acquired in 2019.
Penny Seeks To Boost Number Of Stores With Butcheries In Romania To 375 Until 2029
German-owned discount retail chain Penny, which operates a network of almost 280 discount stores in Romania, seeks to extend its local partnerships in order to boost the number of stores wit...
JYSK Opens 99th Store in Romania in Bacau
Scandinavian furniture and home décor retailer JYSK has opened a new store in Bacau, eastern Romania, its second in the city and 99th in Romania.
Leroy Merlin To Modernize Colosseum Unit, Its First Local Store
French DIY retailer Leroy Merlin is planning to renovate and modernize its store in the Colosseum shopping center in Bucharest, the first store it opened in Romania ten year ago.
Lockdown Period Boosted Alfredo Seafood's Online Sales to EUR100,000
Online sales of fish and seafood brand Alfredo Seafood, owned by Cristian Darmanescu, totaled EUR100,000 in 2020, boosted by a two-month lockdown period and travel restrictions.
Braiconf EUR7M Land Sale to Kaufland Falls Through
German-owned retailer Kaufland has dropped plans to buy the 10,000-square-meter land in Braila that hosts the current factory of Romanian apparel manufacturer Braiconf Braila (BRCR.RO), whic...
eMAG Marketplace Grows 80% in Past Year, Reaches 36,000 Sellers
Online commerce platform eMAG Marketplace grew 80% in the past year and reached over 36,000 SMEs selling their products in Romania, Bulgaria, and Hungary, online retailer eMAG said in a stat...
Altex Turnover Grows 24% To Over EUR1B In 2020
Altex, Romania's leading electronics retailer, ended 2020 with a turnover of over RON5 billion (over EUR1 billion) after a 24% increase which was twice as fast as the growth of the entire pr...