Univers'all changes strategy, eyes Capital

Univers’all Company, which operates the supermarket chain under the same name will open three supermarkets this fall, the first of which will be located in Bucharest, behind the Unirea shopping centre. “This is no longer about a greenfield investment like the other three supermarkets we are now operating. Even so, the investment per store will reach 3 million euros,” Octavian Baltac, Univers’all general manager said. In order to build its first supermarket in Bucharest, the company took over the east side of the Unirea Hall. The closest similar supermarket is La Fourmi, located in the basement of the Unirea Shopping Center. Baltac says the three supermarkets the company is now operating will generate more than 700bn ROL (over $20 million) in sales this year. ZF