Contakt Group was established in 2002, in Timisoara (western Romania), and is held by Romanian entrepreneurs Darius Petric, Cosmin Preda and Marcel Ioftor. The network has two retail brands, Contakt and Hoco, respectively.
Contakt reported a turnover of over RON63 million in 2019, up nearly 65% on the year, and of nearly RON60 million and profit growth for 2020, based on the expansion of its store chain and the optimization of internal processes.
In 2019, the retailer invested over RON2.8 million in opening 28 new units, developing the new platform of the online store, setting up a logistics hall and renewing its car fleet. In 2020, Contakt Group’s investments exceeded RON850,000 and targeted the opening of new units, the setup of offices and new equipment.
Company representatives said the ranking of cities generating the bulk of sales in the first seven months of 2020 includes Bucharest, Cluj-Napoca, Timisoara, Brasov and Iasi.
The group has over 200 stores in Bucharest and 36 counties, and over 520 employees countrywide.