Family of entrepreneurs in Timisoara plans strong expansion in furniture retail

The Rusu family, which controls furniture manufacturer Rus Savitar based in Timisoara, with 20 million euros in turnover, plans to open five stores this year, in the wake of an investment put at over one million euros, after the owners entered furniture retail market as late as last year.
The shareholders - spouses Dorica and Iordache Rusu (who each own 40% of the shares) and sons Cristian and Raimond Rusu (10% each) are examining the possibility of making the first move outside Romania by opening the first store in Budapest.
The retail division operates under the Casa Rusu brand, which will also be used for the Budapest store.
"We are targeting big cities, such as Targu Mures, and Constanta, and are planning to return to Bucharest afterwards. It takes two or three months before we reach consensus (with the developers i.e.). Outside Romania, the first store could be in Budapest, in November this year," said Cristian Rusu, general manager of Casa Rusu. He added there were no concrete locations for the time being.
Rus Savitar expects a turnover worth 22 million euros for this year, up 10% on 2009, which places the company in the top ten of furniture players.