September 3 (SeeNews) - Romanian do-it-yourself retailer Dedeman said on Monday it plans to open a new store in Bucharest on September 7, following investment of 15 million euro ($17.4 million).
The store located in Pantelimon area, spreads on 14,500 sq m and employs 216 people, the company said in a statement.
"The opening of the Pantelimon store is another step in our strategy to efficiently cover the capital through shops close to our customers and accessible from any part of the city and its surroundings," company president Dragos Paval said.
The new store will be Dedeman's 49th in Romania.
Dedeman, founded in 1992 by two Romanian entrepreneurs, currently has 10,600 employees. Its founders, Dragos Paval and Adrian Paval, are estimated to own a fortune of 1.1-1.2 billion euro, according to the Top 300 Wealthiest Men in Romania 2017 ranking made by Romanian magazine Capital.
($= 0.8619 euro)
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