GED opens first Cellulem Block beauty clinic in Romania
Cellulem Block, the franchising company, has over 240 beauty and personal care centres. Although the majority of centres are distributed across Spain and Portugal, Cellulem Block also has a presence in countries such as the United Kingdom, Italy, Mexico, Russia and Dubai. When GED bought into the business in a EUR 9 million deal, it was expecting to expand the franchise network in Spain and other countries until 2011.
GED, which owns companies like Happy Tour and Fonomat in Romania, has recently made two acquisitions through Happy Tour. Read more about these acquisitions here.