Tengelmann, the German retail group, is to open a chain of Plus discount stores in Bulgaria next week, the company has told just-food.
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The company, which owns a stake in US retailer A&P and owns German supermarket chain Kaiser, will open the first of seven Plus outlets in Bulgaria on 8 October.
“By the end of the year we intend to have 25 stores open. In the years to come, we will open further stores and intensify our business in Bulgaria,” a spokesperson said.
Last week, Tengelmann was forced to deny that there were immediate plans to sell its stake in A&P.
Talk of a potential sale surfaced after A&P chairman Christian Haub, a member of the family behind Tengelmann, gave an interview to a German magazine.
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By GlobalDataA spokesperson for Tengelmann, however, then said the business had no plans to sell up now, although she conceded a disposal could be a consideration in the longer term.
