Elefant | Romania Feed

Online retailer Elefant.ro on Friday (May 12) announced its new shareholding after evoMAG, with the help of Catalyst Romania Fund II, became the majority shareholder of Elefant Online, after taking over the ownership stake held by Fribourg Investments.

Elefant.ro, one of the largest online retailers in Romania, posted 30% higher sales of books last year compared with 2019, even though the overall market witnessed a slight decline.

Elefant.ro, one of the largest online stores on the local market, operated by Elefant Online, had a turnover of RON235 million (EUR48.2 million) in 2020, up 35% on the year.