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Romania's Mobexpert To Open Bulgarian Megastore in Q3
Business | June 20, 2007, Wednesday // 00:00
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Romanian furniture retailer Mobexpert will open its first Bulgarian hypermarket towards the end of the third quarter of the year, in the Lyulin district of capital Sofia.
This will be the chain's sixth hypermarket and the first outside Romania, as it seeks to take advantage of strong economic growth south of the Danube.
Sprawling on 11 000 square meters, the store will employ 100 people.
Initially, the company will sell only furniture assembled in its own factories, but could expand to include merchandise made in Bulgaria as well.
The company has announced plans to open a total 25 hyperstores in the region, including five outside Romania, by 2011. Two of them are pencilled in for Plovdiv and Varna.
Mobexpert is an integrated group of companies, with its own production facilities, real estate and logistics companies, which sells furniture through its Mobexpert and Mobexpert Office retail chains, as well as exporting to western Europe.
The group had a turnover of EUR150 M last year.
This will be the chain's sixth hypermarket and the first outside Romania, as it seeks to take advantage of strong economic growth south of the Danube.
Sprawling on 11 000 square meters, the store will employ 100 people.
Initially, the company will sell only furniture assembled in its own factories, but could expand to include merchandise made in Bulgaria as well.
The company has announced plans to open a total 25 hyperstores in the region, including five outside Romania, by 2011. Two of them are pencilled in for Plovdiv and Varna.
Mobexpert is an integrated group of companies, with its own production facilities, real estate and logistics companies, which sells furniture through its Mobexpert and Mobexpert Office retail chains, as well as exporting to western Europe.
The group had a turnover of EUR150 M last year.
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