News

Metro expanding its PL assortment. At present, 800 PL products are stocked by the Cash&Carry chain under 24 labels, which account for 7 percent of total sales. Metro intends to boost this percentage to 10 % within eighteen months and to continue developing it afterwards.

100 new units in the Danish SPAR chain. 100 stores have been bought by Dagrofa, the local SPAR subsidiary operating since 1954, from the Danske Köbmaend chain. As a result of this acquisition, annual revenues are to rise by USD 209 million, and the number of stores total 550 in Denmark.

Tesco to open 137 new stores in the region next year. According to Hosprodarské Noviny, a Czech newspaper, Tesco intends to expand its chain in Hungary, Slovakia, the Czech Republic, Poland and Turkey.

Italian Lidl offering insurance services. The discount chain of the Schwarz group operating in Italy has completed a number of online projects recently. Lidl Italy has also been selling electric power and travel services via the Internet since 2008.

Burger King expanding its chain in Romania. Atlantic Restaurant System, the holder of franchise rights has accelerated expansion, aiming to open 8 new units by March.

USD 50 million project by Procter & Gamble in Romania. The multinational intends to manufacture hair care products in the facility to be built near Urlati.

Subway embarking on major expansion in the UK. The fast food chain plans to open 600 new units in the UK and Ireland in the next two years.

8 percent increase in volume of Czech retail trade. Total revenues generated by the top ten Czech retail chains rose by CKR 23.2 billion last year, reaching CKR 412.2 billion, according to data from Incoma Research.