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 Magyar Hirlap.
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