Retail&Consumer
Jewelry Retailer Teilor Contracts Two Loans From Raiffeisen Bank For Working Capital, Investments
Jewelry store chain Teilor has contracted two loans from Raiffeisen Bank, of one of EUR1.6 million for working capital and one of RON5 million for investments.
Agroland Opens Two New MEGA Stores in March
Agroland Group (AG.RO), the most extensive farming store chain in Romania held by businessman Horia Cardos, has opened two new MEGA stores in Craiova and Sfantu Gheorghe in March, in a total...
Benvenuti Expects Consumer Spending to Return to Pre-Pandemic Levels in 2022-2023
Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, believes the fashion market will follow the same trend in 2021 as it did in the second half of last year, with lower sales...
Kingfisher Sales in Romania Grow 11.8% in 2020
Sales of retailer Kingfisher in Romania, where it owns do-it-yourself (DIY) Brico Dépôt stores, grew 11.8% on the year in Romania in 2020, to GBP242 million, on increased demand.
Iulius Group Starts Work on EUR7M Retail Project Near Iasi
Real estate developer Iulius Group has started work on the first Family Market retail project, a EUR7 million investment in Miroslava, Iasi county.
Flanco Sales Drop 11% in 2020, Profit Drops 44% to RON22.3M
Electronics retailer Flanco said Monday it registered sales of RON1.08 billion in 2020, down 10.8% on the year as over 70 of its 156 stores were closed during lockdown, but turned a profit o...
Sphera Franchise Group Spends RON59M or 8.2% of Revenue on Rent in 2020
Sphera Franchise Group (SFG.RO), one of the major actors on the restaurant market in Romania by sales and number of restaurants, paid some RON58.59 million rent in 2020, RON9.3 million less...
Kärcher Turnover in Romania Grows 30% in 2020
Germany’s Kärcher group, which makes vacuum cleaners in its own plant Curtea de Arges, Romania, said its turnover grew 30% in 2020, to over RON380 million, and business has picked up in 2021...
Vivre Deco Plans EUR7M Corporate Bond Issue
Online furniture and home decor retailer Vivre Deco said Thursday it plans to issue corporate bonds of maximum EUR7 million to fund its further development.