MGR Competition Heating Up

April 2008 | BMI View

The Czech Republic's mass grocery retail (MGR) industry has come into the spotlight in recent months. As Tengelmann is looking to offload its Plus discount operations outside of its home market Germany, the UK's Tesco moved in to acquire the chain's Czech stores. Tesco has reportedly offered EUR200mn (US$293.1mn) for the 144 discount outlets, which would significantly increase its store network from the 93 it currently runs in the country. Tesco has had a major presence in the Central and East European (CEE) region since the mid-1990s, and has rapidly expanded throughout. It has demonstrated its commitment to the Czech

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