De Doe-het-zelf keten Bricostore heeft besloten zich terug te trekken uit Hongarije
French owned company Bricostore just made a 'strategic decision' to withdraw from the Hungarian market, due to recent poor sales and negative forecasts for the future.
This pullout will potentially result in 1,000 employees losing their jobs at the Budapest HQ and at nine stores nationwide, including at least one expat store manager who told XpatLoop this news.
Bricostore successfully entered the market in 1998, but last year with a HUF 12 billion sales revenue the firm incurred a HUF 2 billion loss.
MPF Holding owned by Zsolt Felcsuti, Hungary’s 19th richest man, is......
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