German retailer Penny invests EUR 35 mln in its fifth warehouse in Romania
German discounter Penny has kicked off construction work on the fifth warehouse in Romania, a project developed in Mihailesti (Giurgiu County, south of Bucharest) involving EUR 35 million of investments, according to Economica.net.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2024/08/20240827_penny-romania-300x168.jpg)
Daniel Gross, CEO, Penny Romania
“Romania is an important market for us, that’s why we have planned investments of over 1 billion euros until 2029, mainly by expanding the store network to a total of 619 Penny stores and 6 logistics centres. The warehouse will have 22,000 square metres,” said Daniel Gross, CEO of Penny Romania.
Construction work has already begun, the logistics centre being located on a 120,000 sqm plot of land. 120 people will be employed in the new facility that will serve 70 stores by the end of 2025 and 100 stores by the end of 2027.
Penny is part of the German Rewe group, with the first store opened on the local market in 2005.
Currently, the Penny network in Romania consists of 379 stores nationwide and a team of 7,300 employees.
Romania Insider
Related news
Organic sales increase at Penny in Germany
Discount supermarket Penny has increased its organic sales by nearly…
Read more >This is how the shops will be open on the long weekend of August 20
August 20th falls on a Tuesday this year, which means…
Read more >PENNY stores only close on August 20th
You can conveniently do your shopping even on the holiday…
Read more >Related news
In August, the rate of increase in consumer prices slowed down in the euro area
In August, the rate of increase in the consumer price…
Read more >KSH: industrial producer prices in July increased by 2.5 percent compared to a year earlier and by 0.7 percent compared to the previous month
In July, industrial producer prices were on average 2.5 percent…
Read more >Baby-Mama Coupon Days at Rossmann again
For the second time this year, Rossmann organizes the popular…
Read more >