Biedronka Owner Jerónimo Growing Quickly In Poland And Now Looking At Colombia?

We have often highlighted the fantastic growth the Portuguese retailer Jerónimo Martins has enjoyed in Poland, where it owns the no-frills discounter Biedronka. To emphasise just how quickly Biedronka has grown, it accounts for about 60% of Jerónimo's annual sales, up from about 35% in 2005. A huge chunk of Biedronka's growth has been organic, which tells us that a lot of stores have been opened over this period and that Polish retail has generally been doing very well, especially in the discount space. This also probably tells us that it has not been a particularly good few years for

To read the full article, please choose one of the following options: