Mega Image eyes G’Market acquisition
The G’Market supermarket chain, operated by Turkish group FIBA Holding in Romania through Gimrom Holding company, is going up for sale, according to a local newswire September 2011 - From the Print Edition
Sources on the market, quoted by Mediafax, say large retailers such as Mega Image or Carrefour might be interested in acquiring the four remaining G’Market stores in Romania. In July this year, Gimrom closed its G’Market outlet in Iulius Mall Iasi. At that time, representatives of Iulius Mall said that a major retailer would open a supermarket on the location, without mentioning a name. In 2008, G’Market closed the first store it had opened in Romania, in Bacau, while its Foscani supermarket ceased trading at the beginning of this year. According to official Gimrom data, the four remaining G’Market outlets have 200 employees in Romania and deliver a net sales area of over 7,000 sqm. In 2009, G’Market posted a turnover of EUR 24 million.
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