REMA 1000 Gets The Nod To Acquire Aldi Stores In Denmark
Danish competition authorities have approved REMA 1000’s acquisition of 114 Aldi stores in Denmark from the German discounter.
The deal will give REMA 1000 Denmark access to locations that are well-suited for the discount retail chain, the company said in a statement.
“The agreement is a milestone for us and illustrates the power of our business model,” said Ole Robert Reitan, CEO of Reitan Retail, of which REMA 1000 is a part.
The acquisition will strengthen REMA 1000’s existing store network and contribute to its growth and increased market share, he added.
The retailer added that it plans to implement Reitan Retail’s franchise model, which focuses on improved efficiency, store sales and profitability, at the acquired stores.
In December of last year, Reitan Retail agreed to buy 114 grocery stores and three distribution centres in Denmark from rival Aldi for an undisclosed amount.
This divestiture also marks Aldi’s exit from the Danish market, where it previously operated a total of 188 stores.
In 1979, the first REMA 1000 opened its doors in Trondheim, Norway. The chain opened its first store in Denmark in 1994.
Related news
Heineken buys minority stake in UK energy-drink firm Tenzing
The deal is the Dutch brewer’s latest move to invest…
Read more >Aldi launches still prosecco in ‘UK first’
Aldi has launched a new still prosecco in what it…
Read more >ALDI is also prepared for the Lake Balaton season: 100 new jobs and longer opening hours
ALDI is preparing for the tourist season around Lake Balaton…
Read more >Related news
Viktor Orbán spoke about the extension of the margin freeze
A decision on extending the margin freeze to household and…
Read more >From June, it will be illegal to sell energy drinks to those under 18 – this is how home delivery will be controlled
Hungary’s Parliament has unanimously passed a bill that bans the…
Read more >Serious negotiations are underway to end the tariff war
Only with sincere intentions can we negotiate – this is…
Read more >