Auchan to invest 0.5bn-euro in Romania
French retailer targets 22 cities with more than 100,000 inhabitants by 2010.
"We will continue to expand with large-scale hypermarkets, because this what we specialise in. The Discount Market store in Timisoara is an exception and is a different kind of retail experience, which is paving the way for an Auchan hypermarket in the city," said Regis Mougel, general manager of MGV Distri Hiper Romania, which operates the Auchan network.
The network' s future expansion, at a rate which could reach 6-10 stores a year, will take MGV Distri Hiper Romania investments to half a billion euros by 2010.
Related news
Related news
The quarterly results of the SZÉP card confirm the entrepreneurs’ proposal
According to the announcement issued by the Ministry of National…
Read more >Fish production in Hungary: the industry is struggling with a growing labor shortage
Despite low feed prices and good water levels, the Hungarian…
Read more >Artificial intelligence in winemaking: new technology is changing the way wine is made
Artificial intelligence is revolutionizing American winemaking, enabling remote monitoring of…
Read more >