The Romanian subsidiary of the clothing retail Sprider announced it plans to stay on the regional market despite the fact that its parent company filed for insolvency. The retailer announced it plans to introduce new cosmetics, clothing and footwear lines this year. The company will also open a new 800 sqm store in Bucharest, said Constantinos Pipinelis, Sprider Romania’s general manager.
Sprider Romania ended 2011 with a loss of €3.2m from the €5.9m profit it reported in 2010. The retailer entered the Romanian market in 2007 and has invested €20m into its retail units.
