Romania’s fashion industry, close to EUR 5 bln

The businesses in Romania’s fashion industry have been growing each year, reaching almost EUR 5 billion, according to an analysis by financial consultancy firm KeysFin. Foreign groups hold a share of 83% in the local fashion retail sector, with H&M, Zara, C&A and Pepco among the top players. Meanwhile, in the production sector, Romanian companies still hold a higher share in the revenues, namely 62%. Some 18,890 companies were active in the fashion retail sector, in 2016, while 5,670 were producing clothes. The total sales in the fashion industry went up by over EUR 1 billion from 2013 until 2016, reaching almost EUR 5 billion. The net profits in this industry also increased almost four-fold compared to 2013, reaching EUR 280 million. editor@romania-insider.com