Frédéric Lamy, the French executive who had run the Leroy Merlin business in Romania for nine years, until June 2023, was appointed country director for Romania within furniture and home decor retailer XXXLutz.
Unirea Shopping Center, a company that manages two shopping centers in the cities of Brasov and Bucharest, reported net profit of RON737,386 for the first half of 2024, compared with loss of RON3.6 million in the year-earlier period, as per its half-yearly financial report published at the Bucharest Stock Exchange.
Fashion brand Zara, held by Spanish group Inditex of billionaire Amancio Ortega, has closed its store within the Bucuresti Mall shopping center.
Greek toy and interior decoration retailer Jumbo will be opening its first store in the city of Cluj, within the future Rivus shopping center developed by Iulius and Atterbury Europe.
Romania's Competition Council fined the peripheral equipment manufacturer OKI Europe Limited a total RON3.35 million for limiting exports and fixing resale prices, as well as monitoring them, between October 2015 and March 2020.