Companies / Romania
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Expansions Grow Despite Shaky Fundamentals
January 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The start of 2008 has seen another wave of international retailers announce their expansion intentions for the Romanian mass grocery retail (MGR) market. Germany's Tengelmann, which is already present in the country with its Plus discount chain, will open 25 new stores throughout 2008, representing an investment of EUR75mn (US$104.1mn). In order to support its expanded store network, Tengelmann has started construction on its second logistics centre in the country, located near Cluj Napoca. Meanwhile, Delahaize-owned Mega-Image announced that it will expand its current network, adding six new stores throughout the year, most likely in the capital Bucharest. Finally, French