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© 2008 Avrig 35. All rights reserved. Avrig 35 refers to the member firms of Avrig 35 Group, each of which is a separate and independent legal entity.
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Auchan enters Romanian market on November 7
BUCHAREST - The French retail group Auchan will officially enter the Romanian market on November 7 by opening a hyper-market in Bucharest, in Titan.
According to the company, cited by Mediafax, the investment for starting the unit in Bucharest was EUR 40 M worth, the sale area stretching over 16,000 sq.m.
Auchan plans for Romania provide for the opening of the least two hyper-markets per year, in Bucharest and in the most important cities of the country. The next hyper-market in Bucharest will be opened in 2007 in Berceni district and it will part of an ample commercial project to include a mall with over 260 stores and restaurants. The opening of Auchan Titan hyper-market will result in new 800 jobs.
Auchan group is one of the most important retailers worldwide, with 365 hyper-markets opened in 11 countries (France, Spain, Portugal, Poland, Hungary, Italy, Luxembourg, Russia, Morocco, China and Taiwan). Apart from hyper-markets, Auchan has other categories of stores as well: 664 super-markets, 307 shopping centres Immochan, Accord Bank.
Worldwide, Auchan has 175,000 employees, the number advancing every year once with opening new departments. In 2005, Auchan registered a turnover of EUR 41 bln., and 1.13 billion clients were served in all the stores owned by the group.
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Avrig 35 Group
Avrig 35 Group was established in 1999 by four American investors. Since its inception the Group has grown to become one of the leading real estate developers in Romania. The company draws upon the extensive experience of its owners and employees to approach ambitious projects in different sectors of the Romanian market. Our ability to deliver exceptional services and value to our clients derives from the strength of our investment analysts and construction professionals working together towards a common goal.
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