- RK Beograd
Trading company “Robne kuce Beograd“ (RKB) was established in 1965 through merging of companies “Beograd“, “Nama“, “Grmag“ and “Modna kuca“, and it was officially opened on January 1, 1966.
It operated as department stores chain and until 1970 RKB built 12 new department stores adopting various technological innovations.
In the mid-1980s, RKB achieved growth that used to be internationally considered as a kind of phenomenon in retail trading development. At that time in terms of its turnover, RKB used to be the third department stores chain in Europe! At its peak, RKB had near 10,000 employees. It was a leader in terms of range of offer, services, but also in terms of care for the welfare of its employees.
In the early 1990s, RKB was achieving average daily turnover of 1,500,000 DEM, with over 100,000 items in its offer range. RKB had 41 department stores, located in major cities of the former Yugoslavia, mainly in Serbia (35 department stores), and some other republics - Bosnia and Herzegovina (4 department stores) and Montenegro (2 department stores).
Due to the overall economic situation in the country, the Company RKB started its decay in 1992. The pre-bankruptcy procedure was introduced in 1995 while the bankruptcy was declared in 2002.
In October 2007 at public auction for sale of the company in bankruptcy, the company „Verano motors” won. Together with a Greek partner Marfin Investment Group, they paid the amount of EUR 360 million in January 2008 and hence became owners of the RKB.