Jerónimo Martins Eyes Romania, Possible Latin America Expansion
Portuguese retail group Jerónimo Martins is eyeing potential locations in Romania, with plans to launch in the country in the next two and a half years, according to reports.
In an interview with Portuguese daily Jornal Económico, chief executive Pedro Soares dos Santos explained that the company has already achieved a significant market position in Poland and will need to expand further in Central Europe in order to maintain its growth potential.
However, he made it clear that Jerónimo Martins has 'no interest' in acquiring stores that are part of the DIA group, given that the Spanish retailer does not have a presence in Colombia, Poland or Central Europe.
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