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Pegas, the bike brand re-launched by entrepreneur Andrei Botescu, will come out on the European market by listing on five Amazon platform markets in Spain, France, Germany, Italy and the UK, the next step being to enter the US market.
“Besides the local partners in Italy, Luxembourg, Germany, Great Britain, Sweden and Poland, Amazon provides access to the entire European market, and the implementation of a successful project will be followed by the expansion to the United States,” a company release reads, quoted by libertatea.ro.
“We did tests in the first six months, and the demand on Amazon for certain products exceeds dozen times the absorption power on the Romanian market. We will be listed on the five European markets Spain, France, Germany, Italy and the UK, from where products can be shipped across the EU,” Andrei Botescu, CEO of Pegas, said.
At the same time, Pegas is considering increasing the number of stores in the country, expanding the domestic and international distribution network and constantly upgrading the range of products.
Thus, by the end of 2020, Pegas will open at least 10 stores in addition to the existing ones, and the brand’s products will reach in 400 stores and 5 large retail chains.
“In addition, this year, any entrepreneur who wishes to become part of the Pegas story, he can do it by buying a franchise, as several dozen stores will open with this system by the end of 2018, both in the country and abroad,” the company informs in a statement.
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