by Eugene Vorotnikov FoodBizDaily.com Moscow
November 26 2009 - Biedronka, Polish discount retail chain, owned by Portuguese retail group Jeronimo Martins, has postponed its debut and investments in Romania and Ukraine, local media reports.
The company said it will launch new operations in Poland instead.
"The team handling this project should conclude work at the beginning of next year. Currently I have no information yet, which could be shared," said Pedro Pereira da Silva, general director of Jeronimo Martins Dystrybucja.
"We are considering a few options. We have an excellent team and very good business partners in Poland, with whom we have been working for over a decade. We know well, or even very well, the Polish client," said Mr da Silva.
Biedronka previously announced investment plans in Poland of 900 million Euros between 2010 and 2012.
FoodBizIntel®
Jeronimo Martins SGPS SA
Address: Rua Tierno Galvan Torre 3, Piso 9, letra J Lisbon, 1099-008 Portugal
Telephone: +351-21-7532000
Fax: +351-21-7526174
About Jeronimo Martins SGPS SA
Jeronimo Martins SGPS SA is a Portugal-based holding company principally engaged in the retail and wholesale operations in Portugal and Poland. The Company's business is structured in three segments: Distribution, Manufacturing and Services. In the distribution segment, the Company operates super and hypermarkets (Pingo Doce, Feira Nova and Recheio) in Portugal and retail stores (Biedronka) and pharmacies (Bliska Apteka Na Zdrowie) in Poland. In the Manufacturing Department, the Company operates through Unilever Jeronimo Martins Lda, specialized in spreads and cooking, olive oil, tea, soups, savory, home and personal care, ice cream and food products. The Company's Services segment is comprised of three subsidiaries: Jeronimo Martins Restauracao e Servicos, Hussel and Jeronimo Martins Distribuicao de Produtos de Consumo, which are active in specialized retail, food and cosmetics servicing.
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