Portuguese organic supermarket chain Brio should end 2016 with a turnover of €5 million, a 10% growth on 2015.
The positive trend should continue in 2017, when turnover could reach €5.5 million, based on the performance of its eight existing stores.
In an interview for local daily Jornal Economico, CEO Jose Luis Pinto Basto of the Edge Group, a Brio shareholder, revealed plans to open a new store in Lisbon on the Avenida da Roma by the end of this year or the beginning of 2017.
Since it started operations nine years ago, Brio has reached roughly 40,000 registered customers. The chain offers a range of about 3,000 certified products, increasingly of Portuguese origin. For example, around 90% of fresh products are sourced locally.
© 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.
