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International Internet Magazine. Baltic States news & analytics Sunday, 24.06.2018, 07:57

Lithuanian furniture retailer Berry invests over EUR 1 mln in its first store in Latvia

BC, Vilnius, 17.03.2017.Print version
Lithuanian furniture and interior design retailer Berry has invested over EUR 1 mln in its first store in Latvia which will open in Riga in late March, the company announced LETA/BNS.

The money was invested in renovation and furnishing of the store as well as in customer service and public relations.

The five-level store at 201 Brivibas Gatve, Riga, will have the total area of 10,000 square meters and will employ a staff of 35 people.

The Berry store in Riga will offer products of Berry's own brands and also other brands in various price categories.

Berry has been in the business in Lithuania for more than 20 years, said Marketing and Sales Manager Giedre Jasiene. At present there are eight Berry stores in Lithuania, including three stores operated by franchisees.

The store in Latvia will be run by KBP company which was founded in 1996 and belongs to Lithuanian company Klaipedos Baldu Prekyba. KBP reported a loss of EUR 1,350 on a zero turnover for 2015.

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