Retail&Consumer
Flanco Sales Top RON1B in 2018, Profit Quadruples
Electronics retailer Flanco posted a turnover of RON1.07 billion in 2018, up 9% on the year, and a net profit of RON21 million, four times higher than in 2017.
Modern Retail Market Share Reaches 60% in Romania, Development Continues
Romanian consumers spend EUR20 billion on food and other fast-moving consumer goods a year and 62% of the spending is made in modern retail stores, mostly hypermarkets and supermarkets.
Victoria’s Secret To Open First Store in Romania in Bucharest's Baneasa Shopping Mall
US lingerie brand Victoria’s Secret is entering the Romanian market opening a store in Baneasa Shopping City in Bucharest by the end of the year.
Lidl Romania CEO: We Had a Phenomenal 2018
Discount store chain Lidl, one of the largest grocery retailers in Romania, saw almost 8 billion lei (EUR1.68 billion) sales last year, according to the ZF estimates based on the data suppli...
British Retailer Topshop To Open Its First Romanian Store
British Topshop, one of the world’s leading fashion retailers, will be opening its first store in Romania on March 15, called Topshop Topman, within Bucuresti Mall shopping center.
German Fashion Retailer Kik Opens First Store in Bucharest in Bucur Retail Park
German fashion discounter Kik has opened its first store in Bucharest in Bucur Retail Park in the western part of the city, following an investment of EUR200,000, and plans to reach 30 store...
AFI Romania Owners Have New Shareholders: Two Realty Firms In Israel Control Africa Israel Properties
Africa Israel Investments (AII), a holding-type investment company headquartered in Israel, sold the majority stake, of 51% held, in Africa Israel Properties (AIP), the parent company of AFI...
Globalworth Starts Construction Of New Office Building In Bucharest’s Barbu Vacarescu Area
Real estate developer Globalworth is starting the construction of the Globalworth Square office building, located in Bucharest’s Barbu Vacarescu area, in-between the Globalworth Plaza buildi...
Ireland’s Primark Works with 21 Plants in Romania
Irish-held low-price fashion retailer Primark, which owns about 350 stores on a number of markets in the world, works with 21 plants in Romania, which employ almost 3,800 people working to p...