H&M said to be looking at Romanian market

Several representatives of H&M (Hennes & Mauritz), one
of the world’s largest clothing retailers and one of the most
popular on the middle segment, are currently having meetings in
Bucharest and in other Romanian cities with shopping centre owners
to collect information in view of a potential entry on the Romanian
market. “H&M representatives are collecting data on the level
of rent, shopping centre sales and available space. They will draw
up a report, which will be presented to the management in February
next year. Up until then, no decision will be made as to a
potential entry onto the Romanian market,” real estate market
sources told ZF. Among the projects targeted by H&M is the Sun
Plaza mall, set to open in the first part of next year, but
representatives of the EMCT, the developer of the project would not
comment on the information.