French retail group Les Mousquetaires, the company behind the Intermarché chain, has stayed silent on reports that it is looking to quit the Spanish market.
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Les Mousquetaires, which is present in seven European countries outside France, entered Spain in 1988 and runs 53 supermarkets in the country.
However, a report in Spanish newspaper Expansión claimed that Les Mousquetaires had sustained havey losses in Spain in recent years.
The report also claimed that the retailer has signed a deal to sell its stores to local peer Bon Preu.
Les Mousquetaires, however, has refused to be drawn on the reports. “We’re not making any comment on this project,” a spokesperson told just-food today (2 July). “The president [of Les Mousquetaires] has said we cannot say anything about it.”
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By GlobalDataLes Mousquetaires’ international sales rose 9.5% in 2008 but the company highlighted the performance of its Polish and Belgian operations when it issued the numbers back in January. Group turnover was up 6.4% at EUR34.8bn (US$49bn).
Bon Preu, which could not be reached for immediate comment, saw its sales climb 7.6% in 2008 to EUR475.3m
