Romanian clothing retailer Mizar opens new store in Bucharest and expects higher turnover this year

Romanian clothing retailer Mizar opens a new store in Baneasa Shopping City in northern Bucharest, after an investment of EUR 100,000. The new unit, which covers an area of 120 sqm, brings the brand’s network to a total of 11 stores. Mizar, which was established in 1996, ended 2013 with a turnover of EUR 2 million and estimates sales of EUR 2.25 million for this year. The company plans to open new stores in 2015 and also diversify its collections. Mizar currently employs over 150 people. It owns 11 stores, over 1,200 sqm of modern production facilities, creation workshops and annual collections with over 1,000 new models. Irina Popescu, irina.popescu@romania-insider.com