Spain's Eroski Eyes Investment In Store Refurbishments After Debt Reduction
Spanish retailer Eroski has said that it is planning to 'transform' its retail network, as well as bolster its healthy eating and sustainability credentials, following a refinancing agreement with its banks.
Announcing its 2018 results, Eroski said that it reduced its financial debt by €187 million last year, meaning that the retailer has repaid close to €1.8 billion in debts since 2010.
The group posted net sales of €4.97 billion in full-year 2018, which is down marginally on the previous year, due to an ongoing store refurbishment plan.
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