Auchan Romania to invest €300 mln in ten stores

 The average investment for a store is €30-40 mln, depending on its size, he said.
According to Mougel, the local retail market will reach maturity by 2011-2012, while the total number of hypermarkets will reach 120-140 on the market.

Auchan is currently operating five stores, with a total space of 46,500 square meters. Mougel said the company’s profit margin is 0.2 percent, given Auchan is currently undergoing a development process.(NewsIn)