New wave of retail investors comes from production

Food producers invest millions of euros to develop their own store networks, after only one year ago the Romanian entrepreneurs who set up store networks in modern retail, such as Spar, Trident or PIC, started to give in to the economic crisis, filing for insolvency. Cash shortage, which triggered retail insolvencies in 2009, is what makes the managers of food industry companies carry out these investments now in order to secure cash flow. Thus, only Unicarm Satu-Mare, Agricola Bacau, Angst, CrisTim or Titan Ilfov currently hold together more than 100 stores, a level reached only by the biggest discounters on the market, such as Plus network. While Romanian food store networks are largely in default or have slowed down expansion considerably, charcuterie, bakery or poultry industry producers plan to add between 5 and 10 units to their own store networks this year, after each company in 2009 opened at least five own stores.