Auchan to double Romanian presence in 3 years

French hypermarket chain Auchan has pledged to double its presence in Romania within three years through an investment of €140m. The company will be looking to own its stores, rather than renting space from landlords, which has not been the case until now. The expansion could increase the company’s revenues to €700m by 2012 compared to its 2008 level of €278m.

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