Discount supermarket Plus is planning to invest €400m (US$467m) to €500m a year to open more than 1,000 new stores by 2010, according to chief executive Michael Huerter, the AFX news agency reports, citing the Handelsblatt newspaper.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Plus, which is part of the Tengelmann group, is planning to focus its expansion on Romania, where it hopes to boost the number of stores to 120 from currently 11 by 2010.


It will invest €200m in its expansion in Romania.


“We want to raise the share of foreign business to 40% from currently about 25% within the next five years,” Huerter said. In the long term, Plus hopes to post about two thirds of its sales outside of Germany.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now