Leonardo Bets On EUR60M Turnover, Expects To Cut Losses In Half

08.14.2012 By Cristina Roşca

Leonardo, the largest Romanian footwear retailer, which went insolvent in the second half of 2009, hopes to cut its losses in half this year against 2011, when they amounted to EUR6.3 million. 2012 will be the fifth year of losses for the company held by Romanian Florin Panea. As for the turnover, the retailer expects a stagnation, at EUR60 million.

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Keywords:
LEONARDO
, SHOES
, FOOTWEAR