You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Romanian cosmetics firm Farmec opens three new stores

Romanian cosmetics firm Farmec opens three new stores Romanian cosmetic company Farmec Author (Farmec) License: all rights reserved.

BUCHAREST (Romania), June 21 (SeeNews) – Romanian cosmetics producer Farmec said on Wednesday it has opened three new stores in northern Romania following an investment of 165,000 euro ($183,800).

The stores are located in Piatra Neamt, Iasi and Suceava and are the company's first in this part of the country, Farmec said in a press release.

Since the beginning of the year, the company has opened five more stores - in Craiova, Cluj, Ploiesti, Bucuresti and Timisoara - taking the total number of units to 19.

In January, Farmec said it plans to open 15 new stores in the country and increase sales turnover by 15% in 2017.

The company also said it will seek new partnerships for opening new stores abroad. At present, it has eight stores outside Romania - in Italy, Spain, Hungary, France, Greece and the United Arab Emirates (UAE).

Currently, Farmec's products are present in over 30 markets, the biggest being Japan, Hungary, Greece, Macedonia, Moldova, UAE, Iraq, Kuwait and Canada.

In November, Farmec opened a new logistics center in Dolj, in southern Romania, with an area of 276 sq m. It currently operates ten logistics centers in the country - in Timisoara, Cluj, Baia Mare, Craiova, Pitesti, Bucuresti, Constanta, Focsani, Iasi and Brasov.

Farmec is headquartered in the northwestern city of Cluj-Napoca where it has a production plant with over 600 employees.

($=0.8978 euro)