Biedronka Owner Jerónimo To Pump More Than EUR1.5bn Into Polish Business To 2014

We have often highlighted the fantastic growth the Portuguese retailer Jerónimo Martins has delivered in Poland, where it owns the no-frills discounter Biedronka. It cannot be emphasised enough just what a masterstroke Jerónimo's acquisition of Biedronka back in 1997 has proven to be. While Portugal's retail sector has been in a slump for a few years now, Poland has been one of the very few success stories in post-2009 Europe, and one that is yet to end too. BMI expects the discount retail sector to grow at a compound annual rate of nearly 19% to 2015, which in US dollar

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