The insolvency request was filed Tuesday.
According to Trade Registry data, Domo Retail is owned by Avarike Limited (Cyprus) – 99.99% and Eugen Petrov (Bulgarian born Austrian citizen). In October 2014, Petrov took over the company in a management buyout process.
In 2013, Domo Retail had a turnover of RON584.1 million, from RON552.4 million the year before, and the retailer narrowed its losses to RON42.3 million from RON50.2 million. Domo has not submitted 2014 financial results.