Terranova will take over the space previously occupied by fashion retailer, which declared bankruptcy in September 2019. Forever 21 had two stores in Romania operated under franchise by Teren Management Europe and both have closed.
Terranova has been present on the Romanian market for nearly two decades and the current franchise holder is Emporio Com SRL. Emporio had a turnover of RON66.2 million in 2019, up 17.7% on the year, and a net profit of RON1.3 million, down 17%.
Terranova currently has seven stores in Romania.