MAGNOR, the market leader in Romania for trading gold jewelry, electronics, and pre-owned luxury goods, continues its national expansion by opening its first store in Banat, located in Iulius Town Timisoara. This new location reflects the company’s strategy of getting closer to customers in key Romanian cities and responds to the growing demand in the western region for high-quality products, premium services, and flexible financial solutions.
MAGNOR, the market leader in trading gold and diamond jewelry, electronics, and pre-owned luxury products, is opening its first store in Banat, located in Iulius Town Timisoara.
The company’s development strategy includes territorial expansion through the opening of key points in the country’s main cities, such as Timisoara. This strengthens the already existing relationship with customers in the region through the retail platform magnorshop.ro.
“Timisoara represents a key strategic point for the company, and the opening of MAGNOR’s first store in this region was a natural step. We chose a high-visibility and high-traffic location, Iulius Town, to offer customers easy access and a space that fully reflects our standards of quality and professionalism. We are confident that the new store will quickly match the performance of our other locations in the country, becoming an important pillar in strengthening the MAGNOR brand in western Romania,” said Cosmin Popovici, CEO of MAGNOR.
According to internal analyses, consumers in Banat show strong interest in gold trading, as well as in pre-owned electronics – a rapidly growing segment due to sustainability and affordability advantages, complemented by the company’s guarantees of authenticity and quality. Additionally, regional trends indicate a rising appetite for luxury goods, where quality and value-for-money are key selection criteria.
The new MAGNOR store in Iulius Town Timisoara welcomes customers daily, Monday to Sunday, from 10:00 AM to 10:00 PM, offering access to all product categories – new gold and diamond jewelry, investment gold, electronics, and pre-owned luxury products – as well as the company’s full range of services, all within a modern and welcoming space.
With a presence in Bucharest and major regions across the country, the Romanian holding – which reported a 64% revenue increase in 2024 compared to the previous year – aims to expand its network in key cities throughout 2025. Beyond nationwide coverage, MAGNOR’s development plans for 2025 also focus on maintaining a strong growth pace across all strategic business segments.
“Last year was a successful one for MAGNOR, with consolidated growth that reflects the resilience of our business model. We closed 2024 with a turnover of 165 million lei, up 64% compared to the previous year, and with a positive trend in profitability. In 2025, we aim to maintain this trajectory, setting high standards of performance and sustainability while continuing to build trust-based relationships with all our customers and partners,” added the MAGNOR CEO.
About MAGNOR
A market leader in its industry with over 17 years of experience, MAGNOR – an internationally registered trademark – operates the most diversified trading platform for jewelry, pre-owned luxury goods, electronics, and precious metals. The holding company also provides short-term pawn-style lending services and foreign exchange operations. As the most dynamic and modern player in the field, with a strong reputation, MAGNOR operates 25 stores across Bucharest, Ilfov, Timisoara, Sibiu, Brasov, Piatra Neamt, Focsani, Bacau, Craiova, Galati, Constanta, Targu Mures, Buzau, and Ploiesti.
On the specialized market, MAGNOR stands out through its professionalism, the most diversified portfolio of products and services, long-term stability, and a strong corporate governance structure. For its customers, MAGNOR represents a trusted solution for quick loans, meeting the population’s need for a dynamic, simple, and advantageous credit alternative. Backed by a dedicated and agile team of professionals, the company has built a reputation over the years for market transparency, resilience, and consistent year-over-year growth.
MAGNOR has made substantial investments in digitalization, aiming to offer customers a more comfortable and enjoyable in-store experience, adapted to the digital age. Moreover, the company’s focus on technology investments reflects its vision for sustainable and long-term development.
