Cocor Luxury Store in Bucharest to become mass market

In its final stages of completion, the project which was supposed to open as COCOR LUXURY STORE is set to become a mass market shopping center. COCOR is a former communist department store which has undergone extensive renovations including a spectacular media facade during the past two year. The current economic crisis have made it impossible for COCOR to attract luxury brands, neither individually, nor a luxury department store operator. Cocor is owned by Cocor S.A. a Bucharest Stock Exchange listed company which is partly owned by NCH Advisors.