Penny Market: upgrading expansion plan
October 2009 - From the Print Edition
Discount retailer Penny Market, part of Germany’s Rewe Group, has this year invested 45 million Euro in purchasing land plots and building 28 stores in Romania. So far 12 stores have been opened, reaching a total of 50. The group has increased its expansion plans this year, by three more units.
“We had initially planned to open 25 stores this year, but we added three more to reach 28 by the end of the year. In 2010 we will open another 25 stores,” says Marcel Thiele, Rewe Group Romania CEO....
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