Romanian operations of German group Lidl & Schwartz, whichrecently took over discount store chain Plus in a transaction putat 200 million euros, are overseen by Gabor Teleki, a formervicepresident of Deutsche Bank.
Teleki has been general manager of Lidl Romania for almost ayear, since March last year. The German-born has been working forLidl for almost six years and had previously been general managerof Lidl Romania between 2005 and 2006, after which he held asimilar position in Germany.
Lidl has an extremely active presence on the discount segmentin Europe, being held by the Lidl & Schwarz group, which alsooperates discount hypermarkets Kaufland.
The discount operator entered the Romanian market as early asin 2003, when it set up a company, tested the waters for a fewyears without opening stores, a strategy that culminated in thisyear's biggest transaction on the Romanian market, whereby it tookover 96 Plus stores for around 200 million euros, according tomarket information. The Plus acquisition brought the German group amarket share put by ZF at 38%, which could send it to the no. 1position.
The former Deutsche Bank vice-president could put his name toone of the most aggressive expansions in local retail, with Lidlhaving acquired around 40 plots to build stores over the last twoyears and continuing to look into new locations, according tomarket information.
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