Retail&Consumer
Auchan Buys Real Stores In CEE, Including Romania, For EUR1.1B
Auchan announced Friday it bought Real hypermarkets in Central and Eastern Europe from Metro Group, including the ones in Romania, in a EUR1.1 billion.
CBRE: Less Than 10% Of Retailers Seek To Expand In Romania In 2013
Fewer retailers are interested in expanding on the Romanian market next year than in 2011, according to a survey by real estate consultant CBRE among 100 companies.
Ostahie: Altex Sales Will Rise Over 20% In 2012
Dan Ostahie, owner of electronics and household appliances retailer Altex, believes physical stores will remain the basic pillar of a business in the future, irrespective of how much online...
Franke Romania’s 2012 Sales Seen Slightly Down From RON37M In 2011
Franke Romania, the local unit of Swiss kitchen systems maker Franke Artemis, expects slightly lower sales in 2012, compared with 37 million lei (EUR8.22 million) a year before, on reduced a...
Mega Image Doubles Network, Heads Towards EUR500M Sales
Retailer Mega Image could end the year with about EUR500 million in sales and a network of 194 stores, almost double the number at the end of 2011, after the most aggressive expansion campai...
Mobexpert Tries To Persuade Customers To Buy Romanian Products
Businessman Dan Sucu, owner of the Mobexpert group, says he tries to manufacture the furniture and decorations he sells in his stores in Romania as much as possible and resort to imports onl...
Competition Council: Deal Between Auchan, Real Might Need EU Approval
The takeover of German retailer Real’s hypermarket network in Romania by French retailer Auchan might need the approval of the European Commission, considering that the deal targets Real sto...
Antitrust Retail Market Investigation Completed Next Year
Romania’s Competition Council will complete a retail market inquiry at the beginning of 2013 and some of the firms targeted might be penalized, Bogdan Chiritoiu, head of the antitrust watchd...
Unirea Shopping Center 9-Month Turnover Up 9% On Year, To RON61.6M
Romania’s Unirea Shopping Center (SCDM.RO) on Tuesday said its turnover rose 9% to 61.6 million lei (EUR13.9 million) and its profit surged 60% to RON1.6 million (EUR365,000) on the year in...