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.
