Delhaize to expand Red Market network
2010-01-19
The Belgian retail group
Delhaize, the operator of the
Mega Image supermarket chain in Romania, plans to expand its
Red Market discount store chain to a total of 200 outlets within the next few years. The company has earmarked a total budget of more than €200m for this project based on the assumption that the launch of one Red Market discount store will require an investment of about €1m. The chain first appeared in Romania in December 2009.
Delhaize has not discounted the possibility of
acquisitions this year. The last acquisition completed by the company was in 2009, when Delhaize purchased four
Prodas supermarkets in Bucharest for €6m. These stores generate annual sales of €12m.
Delhaize also plans to build a new logistics centre in the town of Popesti-Leordeni close to Bucharest. Scheduled for completion in 2011, this will be the company’s third logistics centre in Romania.
PMR Online Access
Browse and search in our archive »
Subscribe to PMR RSS NEWS channels » 
