Retail&Consumer
Supreme Court Suspends Competition Council’s Decision To Fine Electrolux Romania
The Supreme Court admitted the appeal whereby home appliances manufacturer Electrolux Romania requested the suspension of a decision of the Competition Council of 2014, through which the re...
Intersnack Switches To Profit, Turnover Grows 17% In 2015
German-held Intersnack, which makes Chio chips and Nutline seeds, posted a turnover of around RON317 million (EUR71 million) in 2015, up 17% on the year.
Billa Brand Will Stay In Romania For Only Up To One Year
French-held Carrefour may use the Billa brand for the Billa Romania stores for 18 months from the date of the deal. The two parties signed the deal last December, which means only 12 months...
Competition Council Clears Takeover Of La Fantana By Oresa Ventures
Romania’s Competition Council has approved the transaction whereby bottled water wholesaler La Fantana was taken over by private equity firm Oresa Ventures (Cyprus) Limited.
Covalact To Pay Out Dividends Worth Nearly RON5.5M
Dairy maker Covalact, controlled by American investment fund SigmaBleyzer, will distribute, in the upcoming period, dividends worth nearly RON5.5 million, which represents 92% of its 2015 ne...
Marek Maciejko Named CEO Of Noriel Group
Polish private equity fund Enterprise Investors, who has recently completed the acquisition of toy retailer Noriel, has appointed a new Chief Executive Officer at Noriel, namely, Marek Macie...
Romanian Florin Trandafirescu Takes The Helm Of Unilever South Central Europe
Romanian Florin Trandafirescu has taken over on Friday as head of Unilever South Central Europe, which includes eight countries, of which Romania is the most important.
Lidl Has More Than EUR40M Earmarked For Investments
German-held Lidl has become the third leading retailer in Romania, after having posted more than EUR1 billion sales in 2015. The top two retailers are Kaufland and Carrefour.
Competition Council Clears Takeover Of Noriel Group By Enterprise Investors
Romania’s Competition Council on Thursday approved the transaction whereby Noriel group, a toy retailer, distributor and manufacturer, was taken over by Polish private equity fund Enterprise...