The strategy would spur the development of the business, providing it access to additional capital for expansion and innovation on an increasingly competitive market.
“The reason we want to list is to expand the store chain. Currently, the business is a profitable one. We are inclusively managing to cover the launch of new collections. We haven’t resorted to a banking loan, yet. “(…) Listing on AeRO market would help us open at least three stores per annum and have much faster growth,” said Alexandru Gugurel, co-founder and co-CEO of Lunet Eyewear.
With three stores, two in Bucharest and one in Cluj, Lunet operates as a vertically integrated business.
In 2023, Lunet Eyewear business topped RON3 million after an almost 70% increase year-on-year.
(English version by Catalina Apostoiu)