DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Romania's Profi Opens 1,000th Store

By Dayeeta Das
Share this article
Romania's Profi Opens 1,000th Store

Romanian retail chain Profi has become the first retailer in the country to open 1,000th stores, reports Romania Insider.

The retailer has opened around 500 outlets in cities, small towns and villages in Romania, and is one of the fast-growing retail chains in the country.

The retailer operates three formats, which include the standard supermarkets, the Profi City proximity shops in urban areas, and Profi Loco shops in rural areas.

In 2016, it was taken over by private equity fund Mid Europa Partners.

Since then, the company, which employs around 16,000 people, has doubled its store network.

ADVERTISEMENT

In 2017, Profi reported a turnover of more than €1 billion and a net profit of €28 million.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.