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Dutch Retailer Jumbo Completes Agrimarkt Takeover

By Steve Wynne-Jones
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Dutch Retailer Jumbo Completes Agrimarkt Takeover

Dutch retailer Jumbo Groep Holding has announced the completion of its takeover of Agrimarkt, which will see six supermarkets in the southwest of the Netherlands join the Jumbo estate.

Three of the stores, in Roosendaal, Vlissingen and Middelharnis, are being converted to Jumbo outlets, while the Agrimarkt in Goes is to be converted into the first Jumbo Foodmarkt in Zeeland province.

Elsewhere, Jumbo has reached agreement with discounter Lidl on the takeover and operation of the Agrimarkt outlets in Terneuzen and Oud-Beijerland.

Refurbishment Work

All six stores will close as of today, 1 November, with refurbishment work on the stores expected to take a couple of weeks.

The Vlissingen and Middelharnis stores will open week commencing 18 November, while the Roosendaal store and Goes Foodmarkt the week after, Jumbo said.

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"For Jumbo, this is a special acquisition that we are very proud of," explained Jumbo CFO Ton van Veen. “They are all excellent store locations, with customers who place great value on home-grown products. That preference is entirely in line with our approach."

van Veen added that Jumbo will endeavour to retain the local character of the stores "as much as possible", and that the group looks forward to "working with employees and local suppliers to make it a success".

Pictured is Antoon van Vugt of the CZAV cooperative (left), which sold the stores to Jumbo, alongside Ton van Veen, Jumbo CFO.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

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