Praktiker’s newest store has been opened in the Váci Corner complex on Budapestʼs north-south Váci Corridor, responding to a pickup in the property market, said Managing Director Karl-Heinz Keth, who owns 25% of the home improvements company, according to Hungarian news agency MTI. The remaining 75% of the company is held by Hungaryʼs Wallis Asset Management.
Praktikerʼs sales rose more than one-quarter to HUF 32.5 billion last year, according to MTI.
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