Jerónimo Martins Invests Half Its Capex In Growing Its Polish Operation
Portuguese retail group Jerónimo Martins invested just under half (49%) of its total capital expenditure last year in its Polish operation, Biedronka.
Of the €724 million the retail group invested in its operations, the next highest beneficiary in percentage terms was Ara, its nascent operation in Colombia, which accounted for 23% of capital expenditure.
Some 14% was allocated to Pingo Doce, while 4% was allocated to Recheio, its Portuguese supermarket and wholesale operations respectively.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!