2.5m euros invested in first Debenhams store

RTC Holding, which holds the franchise for the British clothing and footwear retail brand Debenhams in Romania, has invested 2.5 million euros in the first store in Bucharest and will open another two stores next year also in the Capital. The store was opened in the new wing of the Bucuresti Mall shopping centre and the next two will also be located in shopping centres, stated RTC Holding’s franchise manager Vincentiu Zorzolan. The company also intends to open Debenhams stores in Bulgaria and in the Republic of Moldova where it also holds the franchising rights. The next store in Bucharest will be opened at the beginning of 2008 and a second one towards the end of next year. The first store had a 2,500 square-metre surface area, with the investment being valued around 1,000 euros per square metre, stated Zorzolan. The store sells over 50,000 products including clothing, footwear, and accessories for women, men and children, as well as interior design products and household items.