Europe’s largest retail chain Aldi is preparing to enter the Greek market with an investment of EUR700m (US$923.8m) to create a 370 strong store network.
Aldi has not yet announced whether the Greek chain will operate under the Hoder or Aldi banner, Business Monitor International said. No time frame has been released for market entry.
Aldi currently owns more than 6,600 stores in Europe and reported a 2005 turnover of EUR32.3bn.
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