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Retail

Jumbo Takes Over Four Alvo Stores In Belgium

Dutch retailer Jumbo is set to take over Alvo supermarkets in Rumst, Niel, and Boom in the province of Antwerp, as well as the Alvo supermarket in Baasrode in East Flanders.

The Alvo Superpost stores, owned by independent entrepreneur Christophe De Laet, will close at the end of February, after which renovation work will commence.

The stores are expected to re-open their doors under Jumbo branding in the autumn of 2022.

The retailer will retain staff members working in Alvo supermarkets and also add new employees to its team.

Jumbo's Presence In Belgium

Jumbo previously took over Alvo supermarkets in Deurne (Wim Saerensplein), Ranst, Berlare, and Lauwe, as well as the former Alvo locations in Antwerp (Lange Leemstraat) and Denderleeuw, which will open their doors later this year under the Jumbo banner.

The supermarket chain currently operates 17 stores in various Flemish provinces.

According to Ton van Veen, CFO, Jumbo has the potential to expand to at least a hundred stores in Belgium in the long term and the company seeks to include both new and existing supermarket locations.

"We are therefore delighted with the acquisitions of these Alvo supermarkets in Rumst, Niel, Boom, and Baasrode," he said. "In this way we can introduce even more Belgians to the Jumbo formula.

"We are looking forward to opening the stores under the Jumbo flag and surprising our customers with the best service, an exceptionally wide range, and always low prices."

© 2022 European Supermarket Magazine. Article by Conor Farrelly. For more Retail news, click here. Click subscribe to sign up to ESM: European Supermarket Magazine.

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