October 28th, 2008
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Furniture chains announce plans to enter Hungarian market

Two Spanish and one German furniture store chains are planning to enter the Hungarian market, Hungarian Franchise Association Head Secretary Katalin Mandel told Napi.hu.

Spanish Kolonial Home is characterized by a combination of rustic and modern styles in addition to exotic decorations, while Banak Importa offers colonial style furniture. The Banak franchise recipient will need to open at least three units of at least 150 square meters, representing an investment of €600,000. Becoming a franchisee of Kolonial Home will be cheaper.

German Möbel Kolonie, which offers a style similar to Banak made of teak, currently has six showrooms in Germany, Austria and Spain.

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  1. Mike says:

    Tell you what Hungary needs – not a ton of these dime a dozen
    stores from the U.K., etc. (the likes of Tesco and what not.)

    Bring over Whole Foods Market from stateside for a grocer,
    Apple computer (I mean everything…official store and
    buying/renting through itunes…I know, I know…no Euro, no go
    with this one.)

    Hungary has some good bits to its culture, last thing they need is
    the western crap to dominate. If the west comes in…bring in the
    prime stuff.

    Before you know it every Hungarian will build American style
    houses…and get this, pay the same as they did for the houses
    usually built here out of brick, etc. (By the way my butt can put a
    whole in an American house…just sheet rock my friends…pretty
    is what pretty does, dont get to wowed by the outside.)

    So furniture stores?
    Wonder if its like some of the stores I have seen…one in
    particular selling antiques, which turn out to be totally fake.
    (Buyers dont notice at all.)

    This brings in the bad parts from each culture, bad quality and
    bad service.

    Now mind you these two, well 3 stores may well be fine…but
    overall the quality of whats coming to Hungary isnt on the up
    and up, but the prices are. ;)
    (or is that just the forint going down again?) ;)

    Peace