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Friday, 26.04.2024, 18:21
Lithuania's Maxima to open up to 140 news shops next year
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The group plans to invest at least 100 mln euros into its chain's
expansion and upgrade. Maxima Grupe
CEO Dalius Misiunas says Poland will be its main expansion direction
next year.
"This market is attractive due to its size and growth and
consolidation potential. The merger of the Stokrotka
chain we bought last spring with the previously-operated Aldik chain helped us to consolidate our position for further
growth in the neighboring country. We plan to further maintain fast expansion
here next year," Misiunas said.
In his words, the investment will be directed towards all shops,
including the small ones.
The group owns retail chains operating under the names of Maxima in the Baltic countries, Stokrotka and Aldik in Poland, and T-Market
in Bulgaria, as well as the online shop Barbora,
which operates in Lithuania and Latvia.
It currently has 1,059 shops, including 507 in Poland. The group plans to
open around 50 news shops by the end of this year.
Maxima Grupe is part
of the Vilniaus Prekyba Group, which
is controlled by Nerijus Numavicius.
Maxima Grupe posted
2.806 bln euros in consolidated revenue last year, up 4.2% from 2016. Its net
profit jumped 2.1% to 75 mln euros.
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