Flamingo to invest €10 mln in ten new stores

The units are to be launched din the second half of 2008 and will total 15,000 sqm of sales area. This is part of the company’s strategy to consolidate its network in Romania's major cities. 

According to Flamingo International representatives, Flanco World is the group's most dynamic network, with 42 percent of the total retail sales registered in 2008, compared to 9 percent in 2006. The other networks of the group are Flanco (45 percent of the total sales) and Flamingo Computers (13 percent of sales). The company's main competitors are networks Altex and Domo.