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bauMax Bulgaria EOOD in Retailing (Bulgaria)

  • January 2016
  • -
  • Euromonitor International
  • -
  • 3 pages

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In 2014, bauMax’s parent company – Austria’s BauMax AG – sold its Bulgarian operation and exited local retailing. In October of the same year, Bulgaria’s Competition Protection Commission approved the acquisition of bauMax Bulgaria by Hedus AD – a local company controlled by the owners of one of the leading local chained homewares and home furnishings stores - Carpet Max. Like other home improvement chains in Europe, bauMax suffered from weak demand due to a sagging housing market and a...

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Product coverage: Non-Store Retailing, Store-based Retailing.

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