Discounter Penny Market is planning to invest €167 million in the period 2018-2019 as part of its expansion plans in Italy.
The sum represents a significant increase compared to previous years, with the Rewe Group-owned retailer having invested €56 million in 2017 and €58 million in 2016.
According to the retailer, the two-year strategy will see €80.2 million earmarked for the opening of new stores, while €27.9 million will be spent on remodelling existing stores to make the shopping experience more in line with current trends.
