Retail&Consumer
Naspers Buys 70% In Online Retailer eMag
South African multinational media group Naspers bought 70% in eMag, the largest online retailer in Romania, which registered about EUR150 million in sales last year.
Bunge And Prio Foods Merge Romanian Vegetable Oil Operations
International agri-food companies Bunge and Prio Foods on Monday said they have signed an agreement to merge the vegetable oil facilities they operate in Romania.
Daas Romania Sales Up 47% In 1H To EUR8.8M
Daas Romania, supplier of equipment and services for the HoReCa and food retail businesses, registered sales of 38.6 million lei (EUR8.8 million) in the first half of 2012, up 47% compared w...
Romanian Retail Market Seen Up In July-September
Romanian companies expect retail activity will pick up in July through September after posting a moderate growth in the previous three months, the statistics institute INS said in a survey M...
French Bakery Owner Says 2012 Worst Year For His Business, Pins Hopes On 2013
Dinu Cismarescu, owner of the French Bakery chain, says that 2012 is the company’s worst since its start more than seven years ago. French Bakery annual revenue stands at EUR3 million, gener...
Greek Retailer Sprider Sells 17-Store Romanian Unit For EUR640,000
Greek fashion retailer Sprider is selling its loss-incurring Romanian unit, Sprider Stores SRL, to Cyprus-registered Naqua Investments, which operates in fashion retail in Eastern Europe, fo...
Romania’s 2012 Wheat Yield At 4.7 Mln Tons - Agriculture Minister
Romania’s 2012 wheat production amounts to 4.7 million tons, down from 5.79 million tons last year, Agriculture Minister Daniel Constantin said Friday.
Penny Market CEO Quits After Driving Revenue To Over EUR400m
Frank Wagner, chief executive officer of discount retail chain Penny Market, part of Germany’s Rewe group, has quit his position after two years. Revenue went up to more than EUR400 million...
Praktiker 1H Sales In Romania Fall 10% To EUR62M
German do-it-yourself retail chain Praktiker Thursday reported first-half net sales of EUR61.9 million, down 9.8% on the year, hurt by harsh economic conditions.