Italy’s SUN Consortium To Invest €94m In 2017
Italian retail consortium Supermercati Uniti Nazionali (SUN) is planning to invest €94 million in 2017 to increase its share of the supermarket/hypermarket segment to 3.5%, up from the current 3%.
The investment will be used to open 31 stores, taking the group's network to 626 outlets, and also to develop the Consilia private label brand, currently consisting of 1,984 product references. From next year, Consilia will also include veggie and vegan products.
The group has a high market share in the Lazio (17.3%); Marche, Abruzzo and Molise regions (13.3%), as well as in the area between Brescia, Cremona and Mantua (13.3%).
It's turnover has increased from €1.09 billion in 2011 to €2.66 billion this year, with €2.79 billion targeted for 2017. The number of stores increased in the same period from 296 to 595.
The consortium, which is celebrating 40 years of activity in 2016, consists of five members - Magazzini Gabrielli, Cadoro, Italmark (Italbrix), Gros Gruppo Romano Supermercati and Alfi (Gulliver).
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.