Investing in Long-Term Value

Our History & Legacy
GFS has grown from an entrepreneurial initiative in the early years of Romania’s market economy into a diversified investment group with a presence across retail, real estate, energy, education, logistics, financial services and international operations.
For over three decades, the group has identified emerging opportunities, built operating businesses and invested in assets with long-term relevance. From pioneering duty free and modern retail concepts to developing educational platforms, restoring historical buildings and expanding into renewable energy, our history reflects a continuous ability to anticipate market shifts and create value.
Our legacy is defined by resilience, adaptability and responsible ownership — values that continue to shape the way we invest, operate and develop today.
1993
P&G (Eurocos) –
Domestic & Duty Free
Description: P&G trade mark cosmetics distribution established in the dawn of the post-communist Romanian duty-free market.
Brand portfolio: Laura Biagiotti, Hugo Boss, Giorgio Beverly Hills, Max Factor, Oil of Olaz, Old Spice...



1993
Department Store Olimp,
Black Sea Coast
Description: One of the first department stores in Romania, located in a very popular Romanian holiday resort.
Key metric: 500,000 customers per season.


1994
L'Oreal (PBI)
Domestic & Duty Free
Description: L'Oreal cosmetics distribution.
Brand portfolio: Lancome, Armani, Biotherm...


1997
Diageo / Remy Cointreau
Domestic & Duty Free
Description: Exclusive distributor for Diageo brands.
Brand portfolio: Johnny Walker, Smirnoff, JB, Baileys, Metaxa...



1998
Duty Free Network
Description: GFS Duty Free — leading Romanian Duty Free network.
Portfolio: Diplomatic shop, 24 Duty Free border shops, 2 bounded warehouses.



1999
Logistics Company
Description: ATR – Customs Clearance and Logistics Service.




2000
IT Solutions
Advertising & PR Services
Description: GFS Communication.

2002
Hypermarket Chain
Description: Univers'All — the first Romanian-owned hypermarket chain.
Key metrics: 2,000 employees, 11 hypermarkets, 3 supermarkets.
Notable attendees: Klaus Iohannis, then Mayor of Sibiu and later President of Romania, attended the opening ceremony of the first Univers’All hypermarket.
Steven Seagal and Ilie Năstase attended the opening of the flagship Bucharest store





2003
Fast Fashion
Description: Fast fashion division — 19 mono-brand stores across Romania.
Brand portfolio: Kookai, Celio, Etam, Minelli, San Marina.



2003
Hongta Tobacco
Group Co. Ltd.
Description: Exclusive partnership for the HTG portfolio, resulting in the successful launch of the Marble brand of cigarettes


2004
Financial Service
Description:
Ticket Plus Service — vouchers and gift cards.


2006
Coffee Stores
Description: Costa Coffee coffeehouse chain in Romania


2006
Education
Description: Ioanid School and Kindergarten — located in the heart of Bucharest, providing leading quality in private education.



2006
Synthetic Diamonds
Industry
Description: Rami Dacia — the only European synthetic diamond manufacturer. Founded in 1976 during the communist regime as a key asset of Romania's new strategic industry.



2010
Wind Farm
Description: Blue Planet: Baia Project (35 MW).


2011
Amusement Park
Description: Terra Park — the first amusement park in Romania.
Notable attendees: Mr. Richard Daley (legendary mayor of Chicago); Ms. Nadia Comăneci (Athlete of the 20th Century) at the opening ceremony in Bucharest.




2012
Real Estate
Description: Regaining the historical heritage of Bucharest — over 11,500 square meters in total area, restored "one by one, piece by piece."
Featured asset: Academiei Business Center.



2013
Libya
Description: Duty free shop in Tripoli Airport


2017
Malawi
Description: Duty Free Shop in Lilongwe Airport.



2018
Algeria
Description: Duty free shops in Constantine and Setif airports.

