Retail&Consumer
Retailer MAMBricolaj Sees Revenue Up 11% in H1
Romanian-held furniture accessories retailer MAMBricolaj(MAM.RO) posted RON496.540 net profit in the first half, 2% lower than in the year-ago period, while revenue increased by 11.2% to RON...
JYSK Goes to Slatina, Network Grows to 125 Stores
Scandinavian retailer of furniture and home products JYSK continues expansion in Romania and opens a new store in Slatina, Olt County, on Wednesday, August 24, its 125th on the local market....
Founder Sells Bookstore Chain Diverta, New Owner Plans Exit from Insolvency for 2025
Bookstore chain Diverta, which went insolvent for the second time in the summer of 2021, was acquired by businessman Augustin Dragan from founder Octavian Radu several months ago. The deal i...
evoMAG Raises EUR2M Funding From Investment Fund Catalyst Romania
Online retailer evoMAG, held by entrepreneur Mihai Patrascu, has attracted an investment of EUR2 million from Catalyst Romania, one of the most important technology-focused venture capital f...
tbi Bank Teams Up With Dr. Leahu Dental Clinics For “Buy Now, Pay Later” Payment Solution
TBI Bank and dental clinic chain Dr. Leahu have concluded a partnership for the “buy now, pay later” payment tool which enables consumers to split the total cost of any dental procedure into...
Calin Fusu Appointed Nonexecutive Member In Tradeville’s Board Of Directors
Romanian entrepreneur Andrei Siminel, who controls stock market broker Tradeville, has appointed Calin Fusu to the position of nonexecutive member in the Board of Directors of Tradeville.
Private Labels Likely to “Bite” EUR1-2B from Major Brands’ Sales in 2022 Alone
Private labels developed by retailers, ever more present on shelves in recent years, are likely to “steal” sales of EUR1-2 billion from major brands in 2022, as Romanians are ever more parsi...
Carrefour Romania Turnover Up 4.1% In Comparable Terms In 1H/2022
Carrefour Romania’s turnover grew by 4.1%, in comparable terms, in the first half of 2022, versus sales of EUR1.12 billion in the same period of 2021, placing the local market second in Euro...
Jean Valvis Signs Agreement With PepsiCo For Sale Of Minority Stake In Aqua Carpatica
Jean Valvis, the entrepreneur behinds the Aqua Carpatica, LaDorna and Dorna brands, has signed an agreement with US giant PepsiCo for the sale of a minority stake in Carpathian Springs, the...