According
to Kathimerini newspaper, three Greek companies, Jumbo, Folli Follie and
Fourlis, remained unaffected by the six-year recession, planning to open new
stores in the Balkans.
The Greek company is also planning to invest
in a department store in downtown Bucharest, on a property already owned by
Elmec. The total investment for the project amounts to 5 million euros for the
total reconstruction of the six-storey building. The project will be ready in
2015, and will house the department store group in Romania, which has a wide
range of Folli Follie Group brands, while the rest of the building will be
leased to other companies as offices.
After its expansion in the Romanian market
in the fall of 2013, with two stores in Bucharest and Timisoara, Jumbo group
will proceed with the opening of new stores. Jumbo management aims to operate
12-18 stores in Romania in the next five years. It is estimated that during the
first phase of development by 2016, the group could obtain a sales volume of
around 37 million euros.
Fourlis group, through a joint venture with
Danaos, owned by the shipowner Yiannis Koustas, is expanding in Bulgaria with
new stores in the Sofia Ring Mall, which opens in September 4. The Sofia Ring
Mall will host Bulgaria’s first Ikea store, which is represented in Greece by
Fourlis group.
(Πηγή: greece.greekreporter.com)
