HUNGARY: French Auchan to plough US$500m into Hungarian retail chain
French retail giant Auchan has revealed plans to invest around US$500m in its chain of grocery stores in Hungary. According to Jean-Paul Filliat, head of the company's operations in Hungary, the investment will see the chain expand from two outlets to twelve over the next five years. This will enable Auchan to capture a 15% share of the domestic retail market, he explained to Hungarian newspaper
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Danone's Q1: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Nestle Q1 update: four things to learn
- Interview: "Disruptive" snack brand Hippeas
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Icelandic to sell Saucy Fish Co. owner Seachill
- PepsiCo affirms full-year target as Q1 hits mark
- Tyson to buy burger-to-entree firm AdvancePierre