Hungary news and archive

Lululemon expands to Greece though franchise, opening debut stores in Athens

Canadian athleisure brand Lululemon is set to open its first-ever stores in Greece through a new franchise partnership with Arion Retail Group. The partnership and international expansion are in line with Lululemon’s wider retail strategy for growth across Europe. The brand’s debut Greek store, located in Kolonaki, central Athens, will open its...

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Business

Frasers Group acquires Hervis stores in Hungary and Romania

Austrian sporting goods retailer Hervis, owned by the Spar Group, is withdrawing from two markets. Hervis Sport- und Modegesellschaft mbH has concluded an agreement with Frasers Group (European Holdings) Limited, part of the UK retail group Frasers Group Plc, regarding the sale of the companies Hervis Hungary (Hervis Sport és Divatkereskedelmi...

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Retail

Primark opens first store in Hungary

Primark has entered its 17th market with its first store in Hungary as part of its ambitious growth plans in central and eastern Europe. Located in the Hungarian capital of Budapest within the city’s Arena Mall, the 33,900 square foot store has created more than 180 jobs locally, following an investment of more than 8 million euros. Hungary...