Penescu brothers
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Penescu brothers reopen Pic hypermarkets in Craiova and Pitesti
Brothers Ilie and Cornel Penescu, owners of the Pic group in Pitesti, have announced they will reopen two of the five hypermarkets closed after the company filed for insolvency in 2009.
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Penescu brothers, from the battle with Carrefour to insolvency
A business started with 3 people and a juice stand in Pitesti in 1991, which in 2007 valued its assets at 70-80m euros, is now struggling to sort out its problems after having been abandoned...
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Penescu brothers hire PricewaterhouseCoopers for restructuring
The PIC group, held by brothers Ilie and Cornel Penescu, has signed a contract with PricewaterhouseCoopers, which will assist the over 100 million-euro turnover and 1,500-employee group duri...