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Maxima Group plans to open more than 120 new stores,

economy | November 14, 2018, at noon. 10:14

The Maxim group plans to open between 120 and 140 new stores in the Baltic states, Bulgaria and Poland next year, the Maxim group said in a statement to the Vilna Stock Exchange.

It indicates that many of these stores will be opened in Poland and that in the expansion and development of their networks, Maxima Group plans to invest at least 100 million euros next year.

"Next year we are planning an active expansion, focusing primarily on Poland. This market, with 38 million people, is attractive in terms of its size and potential for growth and consolidation," said the Maxim Division, the Missouri Division.

"The merger of our retail chain, Stockrotech, which we acquired in the spring and Aldik, which we already own, has provided a solid basis for further growth in this neighboring country, and in the coming years we intend to maintain a rapid growth rate there," added Ms.

Maxima Group owns Maxima stores in the Baltic states, Stokrotka and Aldik in Poland, T-Market in Bulgaria and the Barbora food marketing e-marketing platform operating in Lithuania and Latvia. The Maxima group belongs to the holding of "Vilianus Freikva".

At the end of October the Maxima group had 1059 stores, and most of them – 507 – were in Poland. By the end of the year is planned to open another 50 stores in all markets, said in a statement to the stock exchange.

At the end of 2017, the Maxima group had 568 stores.

Last year, the Maxima group worked with a profit of 75 million euros, almost twice as much as last year.


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