Montenegro

Montenegro’s Domaća Trgovina Rolls Out New Store Concept

Montenegro-based retail group Domaća Trgovina has rolled out a new urban store concept in ten locations across the Adriatic coast. The City Market conce...

Mercator Group Reports Revenue Of €2.17bn In FY 2020

Slovenian retailer Mercator Group has reported overall revenue growth of 1.6%, to €2.17 billion, in its 2020 financial year, while retail re...

Coronavirus Impacts Revenues of Montenegro-Based Retailers

The 2020 financial performance of the four largest grocery retailers in Montenegro have been negatively impacted by the COVID-19 pandemic, new data has sho...

Fortenova Group Divests Frozen Food Business To Nomad Foods

Fortenova Group has sold its Frozen Food Business Group (FFBG) to Nomad Foods for €615 million. FFBG consists of the business units Ledo Plus (Croa...

Mercator Group Sees 2% Revenue Growth In First Nine Months

Slovenia's Mercator Group has reported 2.1% growth in revenue to €1.6 billion, including retail revenue of €1.3 million, in the first n...

Voli Denies Sale to Lidl, Plans Regional Expansion

Montenegro-based supermarket chain Voli has rejected speculation that it is to be sold to German discounter Lidl. Speaking to local daily Vijesti, a com...

Mercator Group Sees Profit, Revenue Growth in Q1

Mercator Group has reported a net profit of €1.1 million in the first quarter of 2020, compared to a net loss of €3.7 million in the correspondin...

Voli Leads The Way In Montenegro, Study Finds

Retailer Voli ended 2019 as the leading large-scale operator in Montenegro in terms of revenue and profit, a study has found. According to data publishe...