Winmarkt Braila, $1m face lift

Winmarkt, the company controlled by investment fund group New Century Holdings (NCH), will invest $1 million in modernising the Dunarea store in Braila. “The configuration of the store will turn it into a <<mall-type store>>,” Winmarkt representatives say. They added an over 1,500 sqm wide supermarket had been opened in the basement of the Winmarkt Dunarea store last week. “We will also have a food corner on the ground level of the store,” Winmarkt representatives say. The official dedication of the Dunarea store would take place early in November, they added. Winmarkt holds a network of 14 general stores in 12 cities across Romania. The store chain is controlled by US-based New Century Holdings, which also owns Ivington and Broadhurst investment funds. Winmarkt estimates to make $6.4 million turnover this year, compared with $3.6 million in 2002. The general stores in its chain are managed by two separate companies, Winmarkt and Winmarkt Beta. ZF