Retail&Consumer
Galli Gallo Goes Insolvent Weighed Down By EUR8M Debt
Galli Gallo, the largest turkey farmer and turkey meat processor in Romania, went insolvent at its own request amid difficulties on the poultry market and weighed down by debts.
Lidl Resumes Expansion In Romania After Three-Month Hiatus
German retailer Lidl resumes expansion with two stores outside Bucharest and wants to open seven more by yearend to bring its local network to a total of 169 units.
Anchor Grup Names Razvan Gaita As GM For Its Romanian Operations
Turkish real estate developer Anchor Grup has appointed Razvan Gaita to the position of general manager of its operations in Romania, replacing Ali Ergun Ergen, whose second mandate as Ancho...
Kingfisher Paid GBP35M Cash For Bricostore Romania
British group Kingfisher paid GBP35 million (EUR41.5 million) cash for Bricostore's 15 home improvement stores in Romania.
Ostahie: Central Bank’s Key Rate Cut Was Good, As It Revived Consumer Lending
The Romanian central bank’s recent cut in its monetary policy rate triggered an increase in loan-based sales of electronics and IT products, one of the sectors that has been affected by the...
Allview: Tablet Sales In 1H Almost As High As In Entire 2012
Tablet sales in Romania reached about 200,000 units in the first half of 2013, almost similar to the level registered last year.
H&M To Open Four New Stores In Romania By Yearend
Swedish apparel retailer Hennes & Mauritz (H&M) will open four new stores in Romania by the end of the year, one in Ploiesti and three in Bucharest, expanding its local network to 29 units.
Naspers Is Entitled To Buy At Least Another 8.5% Stake In eMag
After buying a 70% stake in Romania’s largest online computer and electronics retailer eMag last year, South Africa’s Naspers group imposed strict conditions for the sale of the remaining sh...
Dusan Wilms, Metro: Large Format Stores In City Centers Suffocate Traditional Retail
Dusan Wilms, one of the most important executives in local retail, who runs the Romanian operations of Metro Cash&Carry, says the aggressive expansion of hypermarket and supermarket chains i...