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Bucharest
May 16, 2021
BUSINESS

Foreign retailers invest 85.9 mln euros in local chains in first four months

Foreign retail players made capital infusions of 85.9 million euros in local chains in the first four months of this year, by 63pct higher compared to the same period in 2014, when these totaled 52.7 million euros, according to data with the National Trade Registry Office (ONRC).
The largest capital infusions were made by the shareholders of French retailer Auchan, who injected 30.69 million euros in February, followed by German retailer Lidl Discount, which increased its share capital by 30.5 million euros, also in February.
At the same time, Greek toy retailer Jumbo brought a capital contribution of 20.19 million euros on the Romanian market (in February), while British retailer Mark&Spencer Marinopoulos injected 4.5 million euros in March.
French group Auchan, which owns on the local market a chain of 33 hypermarkets, opened, in March 2015, in Brasov, the largest shopping center in Transylvania, developed on the former Tractorul platform, by investing 60 million euros.
Lidl representatives have announced that they intended to open new stores in Romania. German retailer Lidl took over, in 2010, the Plus discount chain stores. In 2014, Jumbo, the largest toy retailer in Greece, announced that they intended to open another 14 to 16 stores in Romania over the next five years. Then they had two stores in Romania, in Bucharest and in Timisoara.
The data released monthly by the ONRC include the top 40 companies having received share capital infusions, by the amounts allocated.

 

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