Retail&Consumer
H&M Tops RON1B Sales in 2019
Fashion retailer H&M posted a turnover of little over RON1 billion in the 2019 financial year in Romania, up 15% compared with 2018.
Apa Nova Plans To Invest EUR230M In Extending, Upgrading Water Supply System In Next 11 Years
Apa Nova Bucuresti, the company administrating the water and sewer system in the capital city of Bucharest, has announced investments of EUR230.9 million in extending and modernizing the cit...
Accor Seeks to Reach 50 Hotels in Romania by 2025
French hotel management group Accor, which has nine hotels in Romania, seeks to reach 50 hotels locally in the next five years.
Colosseum Mall Expansion Opening Postponed for 2021
The Colosseum shopping in northwest Bucharest will open its expansion in 2021 instead of the end of this year, due to lack of predictability in the business environment under the impact of t...
Ana Consulea, Founder Of Zexe Braserie Brand, Opens EUR15,000 Ice Cream Shop In Bucharest
Ana Consulea, a confectioner and the founder of the Zexe Braserie brand, has recently launched an ice cream shop in Bucharest’s King Michael (Herastrau) Park area, following a total investme...
Vel Pitar Turnover Grows 15% in 2019, to RON509M
Bread and bakery goods producer Vel Pitar, held by private equity firm Broadhurst, posted a turnover of RON509.2 million in 2019, up 15% on the year, finance ministry data showed.
Auchan Sales Stagnate Below RON5.5B in 2019
French-held Auchan group, which has been operating in Romania for almost 15 years, posted a turnover of RON5.48 billion in 2019, up just 1.3% on the year.
Elefant.ro Posts EUR21.1M Sales in 1H/2020, Registers Positive Gross Earnings
Online retailer Elefant.ro reported total sales revenue of EUR21.2 million in the first half of 2020, up 62% on the year and registered positive EBITDA for the first time in its history, the...
PwC Survey: Online Shopping Rising, Spending Plans Drastically Reduced
The acceleration of consumer trends and behavior that was already underway prior to the COVID-19 outbreak has taken another leap forward and will spark consumer-facing companies and retailer...