Trademagazin > News and articles > Company and Personal News > Plus and Netto Marken-Discount to Form Joint Venture
Plus and Netto Marken-Discount to Form Joint Venture
The Tengelmann Group will in future be cooperating closely with the Hamburg-headquartered EDEKA Group.
The new company in which EDEKA has a 70 percent stake and Tengelmann 30 percent will amalgamate the around 2,900 Plus stores with sales of over EUR 7 billion along with some 1,300 Netto Marken-Discount branches with turnover of EUR 4.1 billion. The expansion plans for the joint undertaking foresee more than 300 new store openings per year.
Related news
More related news >
Related news
The Fressnapf group opened a customer service center in Pécs
Fressnapf International Business Services Kft., a subsidiary of the German…
Read more >DHL arrived at the Hungaroring for the Formula 1® weekend with a doubled fleet of trucks powered by biofuel
DHL and Forma-1® are already in Mogyoród, the FORMA-1® HUNGARIAN…
Read more >McDonald’s is renewed and growing
McDonald’s is constantly opening new restaurants and modernizing its existing…
Read more >