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Agrokor Closes Stores In Croatia, May Exit Bosnia and Herzegovina

Published on Jan 9 2018 2:20 PM in Retail tagged: Trending Posts / Croatia / Agrokor / Konzum / Bosnia and Herzegovina / Paywall

Agrokor Closes Stores In Croatia, May Exit Bosnia and Herzegovina

Croatia’s troubled food and retail conglomerate Agrokor has closed two of its flagship stores, and it may be looking to sell its retail operations in Bosnia and Herzegovina.

As part of a restructuring process aimed at averting the bankruptcy of Croatia’s biggest retailer, Agrokor has closed dozens of Konzum supermarkets in Croatia over the past six months, mainly the neighbourhood-store format. Last June, the CEO of Konzum, Slavko Ledic, announced that the retailer planned to close between 80 and 100 stores in total.

Since the start of 2018, the company has also shuttered two large Konzum supermarkets, in Rijeka and Osijek, reports T-Portal. The Rijeka store, which closed on 31 December, was the retailer’s largest point of sale in Croatia, at 5,000 square metres in size.

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