Retail&Consumer
Pamimai Drops Tobacco Distribution After Start Of Insolvency Procedings
Pamimai Distribution, a distribution company with revenue of 327 million lei (EUR74.3 million) in 2012, entered insolvency at its own request in 2013 after piling up debts of EUR7 million.
Retail Executives: Consumer Spending Not Rising, FDI Still Low
The executives in modern retail expect a slight economic rebound this year because of a good farming season and a new increase in exports.
Bucharest Court To Rule On Carrefour Romania Insolvency Appeal On Jan 15
Bucharest Court will rule on January 15 on Carrefour Romania’s appeal against the insolvency decision made at the request of one of the company’s suppliers, at the end of 2013.
RCS & RDS Wants to Buy Footwear Maker
RCS&RDS, one of the largest players on the Romanian telecommunications market, intends to buy footwear maker UCR SA (UCRI.RO), based in Bucharest, according to an announcement published Mond...
Carrefour Romania Enters Insolvency Proceedings At Supplier’s Request, Appeals Court Ruling
The Bucharest Court of Law has made Carrefour Romania insolvent at the request of one of the company’s suppliers.
A Newcomer On Mineral Water Market Competes Against Heavyweights
Aqua Carpatica, the mineral water brand created by businessman Jean Valvis in 2010, has come to compete against traditional brands such as Borsec and Dorna in the past few years.
Zarea: Two Million Bottles Of Sparkling Wine Popped On New Year's Eve
Sparkling wine producer Zarea (ZARE.RO) makes about 30% to 40% of its annual sales at the end of the year, general manager Emil Popescu says.
Romanians Spend Almost RON4.3B On Personal Care And Beauty Products
Romanians spent almost 4.3 billion lei on cosmetics - personal care and beauty products - in 2013, with the bulk of the amount going to fragrances (RON885 million) and skincare products (RON...
Newcomer Fashion Brands In Romania In 2013
The Romanian fashion market has attracted new names in each of the past few years - H&M came in 2011 and TimeOut, while 2013 saw names such as Mim, Roberto Bravo, and Dolce & Gabbana enter t...