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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Croatian Orbico Group merges Romanian subsidiaries

The Orbico Group, owned by Croatian businessman Branko Roglic, announced that it completed the merger of its Romanian subsidiaries dealing in the FMCG distributions market, thus consolidating the leading position.

In 2019, Orbico took over the market leader Interbrands Marketing & Distribution, with companies such as British American Tobacco, Nestlé, Philip Morris, Procter & Gamble, Coty, Danone, Duracell, Fater in its portfolio.

In October this year, Interbrands completed the merger by absorption with three other local distributors (Orbico, Orbico Beauty and Professional Brands Marketing & Distribution), thus consolidating its position as the most important player on the FMCG distribution market. In the near future, the company will operate under the name Interbrands Orbico.

Orbico Group sales at the European level are about EUR 3 bln, of which the Romanian market generates EUR 800 mln. The three local distributors have a cumulative business of RON 364 mln (EUR 75 mln) in 2020, from RON 373.98 mln in 2019.

Interbrands Orbico’s goal is to exceed the EUR 1 bln threshold in the next period.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Croatian Orbico Group merges Romanian subsidiaries

The Orbico Group, owned by Croatian businessman Branko Roglic, announced that it completed the merger of its Romanian subsidiaries dealing in the FMCG distributions market, thus consolidating the leading position.

In 2019, Orbico took over the market leader Interbrands Marketing & Distribution, with companies such as British American Tobacco, Nestlé, Philip Morris, Procter & Gamble, Coty, Danone, Duracell, Fater in its portfolio.

In October this year, Interbrands completed the merger by absorption with three other local distributors (Orbico, Orbico Beauty and Professional Brands Marketing & Distribution), thus consolidating its position as the most important player on the FMCG distribution market. In the near future, the company will operate under the name Interbrands Orbico.

Orbico Group sales at the European level are about EUR 3 bln, of which the Romanian market generates EUR 800 mln. The three local distributors have a cumulative business of RON 364 mln (EUR 75 mln) in 2020, from RON 373.98 mln in 2019.

Interbrands Orbico’s goal is to exceed the EUR 1 bln threshold in the next period.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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