Retail&Consumer
Oresa Ventures Takes Over RTC Proffice Experience From RTC
Swedish private equity firm Oresa Ventures has taken over office supplies distributor RTC Proffice Experience, part of the RTC group, which is owned by businessman Octavian Radu.
Otter Distribution Posts Higher Sales, Operating Profit In First 9 Months
Romanian footwear retailer Otter Distribution on Monday said it has reported an operating profit of EUR1.3 million in January to September, 17% higher than in the same period a year before.
Electroarges 9-Month Net Profit Flat On Year At RON5.36M
Romanian household appliance maker Electroarges (ELGS.RO) on Monday reported a net profit of 5.36 million lei (EUR1.23 million) for the first nine months, roughly the same as RON5.4 million...
Macromex Builds EUR17M Frozen Bakery Product Factory In Transylvania
Dan Minulescu, the Romanian entrepreneur who developed the largest local frozen product business from scratch, has invested EUR17 million in a factory in Campia Turzii (NW Romania), in partn...
Soneriu Family’s Cold Cut Business Driven Up By Loans In Lei, Franchised Stores And Private Labels
Cold cut exports exceeded the value recorded for the whole of last year, but they cannot be considered real exports, says Valentin Soneriu, general manager of CarmOlimp, a top-15 company in...
Burberry Opens Store In Radisson Blu Hotel In Bucharest
The famous luxury brand Burberry is to open its first store on the local market close to the Christmas holidays season this year. The store will be located inside the Radisson Blu hotel comp...
KFC: Customers Come As Often As They Used To But Look For Promotional Offers
Fast-food restaurant chain KFC has 50,000 customers every day, who spend EUR2 or EUR3 on average. Daily sales therefore reach EUR100,000 to EUR150,000.
Retailers Open Stores Next To Each Other In Most Populated Areas To Eat Up The Competition
No fewer than four Mega Image stores are located along Bucharest's Stefan cel Mare boulevard. Not one store of competitors Profi or Carrefour is to be found on the same street or in the vici...
Electroarges Raises Share Capital To RON6.2M
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) increased its capital by 3.33 million lei (EUR0.76 million) to RON6.19 million, the company said in a statement Fr...