Auchan has revealed plans to double the number of stores it has in Romania by 2014.
The French retailer told just-food today (7 July) that it plans to invest EUR150m in opening some seven stores in the country. The next openings are planned for Constanta, Craiova and Iasi.
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Earlier this year, Auchan said revenue from its Central and Eastern European and Asian divisions was up 22.7% in 2010.
Earlier this week, Auchan’s Chinese venture announced plans to launch an IPO to raise up to HK$8.2bn (US$1.05bn) on the Hong Kong Stock Exchange. The Sun Art Retail Group said it plans to use half the funds to set up new hypermarket complexes in China.
