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Portuguese retailer Jeronimo Martins has acquired five stores from Piotr iPawel, a competing retail chain of delicatessen and supermarket stores operating in Poland.
The acquisition sees Jeronimo Martins pursuing its strategy of expanding outside Portugal. The opportunity arose at a time that Piotr iPawel is reported to be experiencing financial difficulties.
Jeronimo Martins now owns 2,837 stores globally. The newly-acquired stores, located in Wroclaw, Poznan, Tychy and Kalisz, will be operated under the Biedronka banner – the largest supermarket chain and leader in food retail in Poland – and are planned to open at the end of September.
Source: Pressreader
