Retail&Consumer
Jumbo Reports Net Sales Of EUR6.2M In Romania In Nearly Six Months Of Activity
The two stores operated by Greek toy retailer Jumbo in Romania generated net sales of EUR6.2 million and net profit of EUR1.4 million throughout nearly six months of activity which ended in...
Ciolos: Romania Can Boost Exports Of Agri-Food Products To Emerging Markets
The increase in food consumption is not expected to reach a high level in the future in Europe, but rather on the emerging markets where Romania could boost exports of agri-food products, Eu...
Carrefour Introduces Cash Payment For Its Online Store
Carrefour Romania introduced this month the cash payment for its products ordered online, although it has previously stated that products will exclusively be paid online.
Agricover Group 2013 Turnover Up 19%, To RON1.1B
Romanian agribusiness group posted a turnover of RON1.1 billion (EUR251 million) in 2013, up 19% on the year, the group said Tuesday.
Five Largest Ice-Cream Producers In Romania Boast EUR70M Revenue In 2013
The five largest ice-cream producers in Romania generated overall revenue of above EUR70 million in 2013, almost half of the total value of the local ice-cream market, and had more than 2,00...
Calzedonia Produces EUR42M Worth Of Underwear At Its Plant In Arad
Italy’s underwear retailer Calzedonia, present in Romania with a 6-store network under this brand, owns an underwear manufacturing plant in Arad (western Romania). The plant, Aries Textiles,...
Leonardo Considers Selling Assets, Stock And Tapping New Markets To Pay Off Debts
Romanian footwear retailer Leonardo, undergoing insolvency, plans to sell some of its assets or shares and to enter new markets to be able to pay off its debts to creditors, according to a p...
Mega Image Raises Share Capital By EUR25.2M To Support Expansion Plan
Retailer Mega Image, which has nearly 310 supermarkets and convenience stores in Romania, raised its share capital by EUR25.2 million in April to finance expansion plans and the construction...
Penny Boss Leaves After Only One Year
Christian Beck, who was appointed chief executive officer of Rewe Romania, the owner of the Penny Market and XXL Mega Discount store chains, at the beginning of 2013 has left the company aft...