We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » June 12, 2014
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Eurocash to buy 'Inmedio' convenience stores
June 12, 2014   
Article's tools:
Print

Eurocash trader signed a preliminary agreement to buy a 51% stake in firm operating the Inmedio chain of press shops from French Lagardere, as well as a franchise deal for developing the chain of '1minute' convenience stores, Eurocash said in a market filing.

Following the 'Inmedio' transaction, Eurocash will gain control over 410 press shops located across Poland, primarily in shopping centers, the firm said.

Inmedio's operational management will continue to be handled by Lagardere unit HDS Polska, while Eurocash will focus on supply and development through franchise, Eurocash management board member Jacek Owczarek said.

Under the franchise deal, signed between Eurocash and Lagardere units ECC and HDS Polska, Eurocash will develop the chain of '1minute' convenience stores, which currently consists of 70 locations in Poland, Eurocash said.

Inmedio shops offer FMCG products including press & books. Selected Inmedio locations also offer bill payment, cash transfer and courier services. 1minute convenience stores offer groceries, alcohol, other FMCG, as well as heated fast food.

HDS Polska currently manages some 740 retail locations in Poland.
© The Warsaw Voice 2010-2013
E-mail Marketing Powered by SARE