Penescu brothers to launch new hypermarkets

The Pic group, one of the leading sugar distributors in Romania, and owner of a hypermarket in Pitesti, will develop its retail business, planning two more openings, one in Craiova, this year, and the other in Braila, in 2007. “We have opened our first hypermarket in Pitesti, in November 2004, and the second one will be completed in September this year, in Craiova. Work has already begun on the third, and it will start operating in Braila in May 2007,” stated the company’s manager, Gheorghe Pieca. Pic group was established by brothers Ilie and Cornel Penescu in 1991.