TZUM

Coordinates: 42°41′54″N 23°19′22″E / 42.69833°N 23.32278°E / 42.69833; 23.32278

TZUM

The TZUM edifice
Location Bulgaria Sofia, Bulgaria
Total retail floor area 20,570 m²
Website http://www.tzum.bg/
The TZUM logo

TZUM-Sofia (Bulgarian: ЦУМ, abbreviated from Централен универсален магазин, Tsentralen universalen magazin, Central Department Store) is an upmarket department store in the centre of Sofia, the capital of Bulgaria, officially opened in 1957 and situated in a monumental edifice (part of The Largo complex) on one of the city's main boulevards.

The store's construction began in 1955 and ended in the end of 1956, when the first customers entered TZUM. It was officially opened with a ceremony in 1957. The edifice was designed by architect Kosta Nikolov and has an area of 20,570 m². It features a covered inner yard taking up the centre of five of the building's seven floors.

TZUM underwent major reconstruction in 1986 under the direction of architect Atanas Nikolov. Two years later, 120,000 people daily went through the store, which sold 123,000 items a day. After the democratic changes in 1989, the store remained public property until sold to Hong Kong fund manager, Regent Pacific Group, for the price of DM 30 million (about €15 million). Regent then invested $10.2 million in 1999–2000 to redevelop the property into a mixed-use office and retail building. TZUM was transformed to become a place for expensive boutiques rather than a store for the people, with the daily number of customers falling to 7,000. Plovdiv businessman Georgi Gergov acquired TZUM on 19 October 2004.

As of 2005, world brands like Laura Ashley, Timberland, Nautica, Fila, Fred Perry, Adidas, Mexx, Tommy Hilfiger, Swarovski, Miss Sixty, Nike, Bagatt, Altınbaş and Rossignol have stores in TZUM. The rent levels are one of the highest in Bulgaria, only competing with the neighbouring Vitosha Boulevard. According to the manager Tsvetomir Gergov, 12,000 people visit the store per day.

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This article is issued from Wikipedia - version of the Monday, December 08, 2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.