Germany's Takko plans expansion in Eastern Europe


Advent International will acquire German clothes retail chain Takko from Permira Group and expand it in Romania, Bulgaria and Poland. 

Advent International will pay €770 million ($1.05 billion) for Takko and plans to open 150 new stores under this brand. Takko has some 9,000 employees and 1,059 stores worldwide. “Our medium-term strategy is to accelerate our expansion in Eastern European countries with a high economic potential, such as Romania, Bulgaria and Poland and also to expand our franchise system,” said Takko Executive Manager Arnold Mattschull. Other targets include Sweden, Spain, Portugal and France.

Takko, based in Telgte, was established in 1982 and has became the second largest clothes retailer in Germany. The company owns 210 stores in Austria, the Czech Republic, Holland, Hungary and Slovakia and 13 franchises in Slovenia, Lithuania, Estonia and Latvia. Estimates for the 2007/2008 year include sales of €800 million ($1.09 billion). (


MOL to Plow HUF 50 bln Into Reverse Vending Machine Rollout Recycling

MOL to Plow HUF 50 bln Into Reverse Vending Machine Rollout

Sport Now 'Strategic Sector' for Hungary - Minister Government

Sport Now 'Strategic Sector' for Hungary - Minister

Innovation Remains Stagnant Innovation

Innovation Remains Stagnant

More Guest Nights y.o.y. for Year-end Tourism

More Guest Nights y.o.y. for Year-end


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.