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Portuguese retailer Jeronimo Martins is contemplating a further expansion in central or Eastern Europe, according to a Jornal Economico report.
In an interview with the newspaper, Jeronimo Martins chief executive Pedro Soares dos Santos said that the company was now established in Poland and was considering expanding to nearby countries, in particular Romania, although this may not be in 2019.
“We have reached a scale in Poland such that, in order to maintain the health of the company and give our suppliers room for growth, we have to cross the border”, he said. “Central Europe makes the most sense for us”.
Jeronimo Martins also divulged that it is interested in expanding to other countries in Latin America, particularly Peru, Chile, Mexico and Ecuador.
Source: Jornal Economico
