Retail&Consumer
Combined Loss Of Three Malls In Bucharest Exceed Profit Of Five Others
Bucharest’s shopping centers Sun Plaza, Plaza Mall and Cocor registered aggregate loss of EUR27.5 million last year, higher than the combined profit of Baneasa Shopping City, Cotroceni Park,...
Mega Image Profit In Romania Tripled To EUR10.5M In 2012
Retailer Mega Image, part of Belgian group Delhaize, registered profit of 46.7 million lei (EUR10.5 million) in Romania in 2012, 3.5 times higher on the year.
Argo’s Four Shopping Centers In Romania See Their Value Downgraded To EUR330M
The four shopping centers operated by Argo Real Estate Opportunities Fund (Argo) in Romania were evaluated at EUR330 million at the end of March, down by nearly EUR7 million from the same pe...
GTC’s Shopping Center Galleria Suceava Left Without Tenants
Shopping center Galleria Suceava, owned by Israeli-owned real estate developer Globe Trade Center (GTC), has drastically reduced its activity after its last tenants – a supermarket, three ap...
No Potential Buyer For Bankrupt PIC Retail Network
No potential investor has expressed interest in buying bankrupt PIC retail network whose stores were put up for sale more than a year ago by the company’ judicial administrator Pricewaterhou...
Chocolate Consumption Up In First Four Months
Romania’s chocolate market evaluated at EUR300 million grew in January through April and the trend might continue into the second half of 2013, according to Gabriela Munteanu, marketing mana...
IKEA Romania Registers Loss For Second Straight Year
Swedish giant IKEA, which operates one store in Romania, last year recorded loss of EUR3.6 million and sales of EUR76.2 million on the local market, according to Trade Registry data.
Köber’s Net Profit Rose 40% On Year To EUR3M In 2012
Romanian paint and lacquer maker Köber registered net profit of about 13 million lei (EUR2.9 million) in 2012, up some 40% on the year, according to Trade Registry data.
Bucharest’s Old Town Slips Into Mild Depression
Bucharest’s Old Town, the top destination for those going out in the city, which has been growing spectacularly in the last few years despite the economic crisis, “slipped into a mild depres...