Jeronimo Martins has insisted it is yet to decide on which overseas market it will expand into next amid reports linking the Portuguese retailer with a move into Colombia.

Yesterday, reports in Portugal said Jeronimo Martins was looking at an entry into Colombia.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

However, a spokesperson for the company told just-food today (27 September) that a decision on the next market for the retailer had yet to be finalised. “We do not know which country it will be,” the spokesperson said.

The company, which has operations in Poland, could announce its third market as early as next year, the spokesperson added.
Last week, the company which has a major presence in Poland announced that it was looking to expand its Polish operations by acquiring sites from local rivals. The retailer wants to buy nine shops in Warsaw, Lomianki and Bialystok from retail chain Marcpol.

In addition, Eurocash, the Polish cash-and-carry unit of Jeronimo Martins, informed UOKiK, the Polish competition watchdog that it wishes to acquire 14 companies that are controlled by Lubla-based Emperia Holding.

Poland accounts for 60% of Jeronimo Martins total sales.