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Debro Holding to open first Debenhams store in Hungary in April

Debro Holding SA, the Romanian company which holds the Debenhams franchise for the CEE region, is set to open its first store in Hungary next month, Romania Business Insider reported.

Debro Holding, part of RTC Holding and owned by Romanian businessman Octavian Radu, will open the first Debenhams store in Hungary in Budapest's WestEnd City Center on April 12.

Debro Holding will spend €1 million to open the store on 2,100 sqm and expect a €4 million turnover on the Hungarian market this year.

The company, which runs eight Debenhams stores in Romania and the Republic of Moldova, holds the franchise for 13 countries in Central Eastern Europe.