Kenvelo Group intends to open nine more TimeOut stores on the Romanian market by next May. There are currently just two TimeOut stores in Romania, but the retail group envisions new ones in in Bucharest, Timisoara, Constanta, Brasov, Cluj and Iasi at an investment of about €1,000 per sqm.
Kenvelo also wants to expand its Lee Copper brand with 10 new stores by the end of next year. There are currently 20 Lee Copper stores in Romania. Kenvelo Group has 47 stores in its Romanian portfolio.
In addition to TimeOUt and Lee Copper, the group also includes Tom Tailor and the Kenvelo brand.
