Retail

International Internet Magazine. Baltic States news & analytics Monday, 25.03.2019, 00:23

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Lithuania's Maxima Grupe hands over management of Spain's Supersol

Lithuania's Maxima Grupe hands over management of Spain's Supersol

22.03.2019

Maxima Grupe (Maxima Group), the largest retail group in the Baltics, has handed over the management of the Spanish Supersol chain, having 196 shops in Spain, to the Luxembourg-based Carson Sarl which is indirectly owned by Nerijus Numavicius, the owner of Lithuania's Vilniaus Prekyba, and other related persons, according the Verslo Zinios business daily writes LETA/BNS.

Keyword tags: EU – Baltic States, Lithuania, Markets and Companies, Retail



Baltic clothes retailer Apranga sets up subsidiary in Latvia

Baltic clothes retailer Apranga sets up subsidiary in Latvia

21.03.2019

Apranga, the Baltics' leading clothing retailer, has established a subsidiary company in Latvia, named Apranga HLV, to operate Zara Home stores in the neighboring country, company said in a stock exchange release.

Kesko Senukai invests EUR 1.5 mln in renovation of store in Riga

Kesko Senukai invests EUR 1.5 mln in renovation of store in Riga

18.03.2019

Kesko Senukai Latvia has invested about EUR 1.5 million in renovation of its store on Maskavas Street, and will soon open a new concept specialized construction materials store for professionals, called Procenter, the company’s marketing head Aida Smits reported.


Maxima Latvija buys Tineo property management company

Maxima Latvija buys Tineo property management company

15.03.2019

Maxima Latvija retailer has acquired Tineo, the property management company that owns the building at 20 Priedaines Street in Riga that used to house a Maxima supermarket and collapsed in 2013, Maxima Latvija spokesman Janis Beseris informed LETA.

Akropole shopping mall to open in early April

Akropole shopping mall to open in early April

14.03.2019

The new shopping and entertainment center Akropole will be opened in Riga on April 4, Akropole Riga representatives reported.


12.03.2019

Maxima International Sourcing unit established in Poland

Maxima Grupė has established Maxima International Sourcing Poland – a unit of the subsidiary Maxima International Sourcing, which provides agency services to the group’s retail chains in the Baltics, Poland and Bulgaria. The goal of the new unit is to work closely with suppliers that operate in the neighboring country, both Polish companies and local representations of international companies, informed Maxima representative.

08.03.2019

Latvian consumer prices rise 0.1% in February

The latest data of the Central Statistical Bureau (CSB) show that in February 2019, compared to February 2018, the average level of consumer prices* rose by 2.9%. Prices of both goods and services grew by 2.9%.

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