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First Gucci store in Romania set to open in December

17.11.2010, 00:10 40

The first Gucci store on the Romanian market will be opened inmid-December inside Athenee Palace Hilton five-star hotel owned bybusinessman George Copos, in the wake of a 2m-euro investmentcarried out by Italy's Sodo Migliori company, which operatesCellini and Swarovski stores.


"We're preparing the Gucci store for opening, which we arefitting out and for which ten employees will work," statedAlessandro Amato, the shareholder in Sodo Migliori, who added hecould not disclose information about the business targets for thefirst operational year of the store.
Sodo Migliori Romania ended last year with 20.9m-euro turnover andprofit worth around 317,000 euros, according to Trade Registrydata. In 2008, Alessandro Amato also brought Paul&Shark Italianfootwear and apparel brand on the Romanian market.
According to a survey Nielsen Global Research carried out two yearsago, Gucci, to be present in Romania through a 250-sqm store in theformer space of the famous brasserie of Hilton, is the most wantedluxury brand in the world.

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