Italy's Tuodi Faced With Store Stocking Problems
Italian discount supermarket chain Tuodi has reportedly been having stocking issues in certain stores in the Tuscany and Veneto regions, according to news source Il Tirreno.
The butcher, gourmet and bakery sections of some supermarkets, including stores at Livorno, Pisa and Pontedera, have been closed, while a number of employees are understood to have been dismissed, according to the news portal.
Tuodi’s owner, regional grocery retailer Dico, has promised that a solution will be found by the end of June.
Speaking to Il Mattino di Padova, Dico’s marketing director Luca Chirieleison denied rumours that the Popolare di Vicenza bank has withdrawn an important credit line to the company, adding that there is no prospect that the company will be sold. He said that the supply problem should be normalised in the coming weeks.
Il Sole 24 Ore has reported that Dico’s debts amount to €450 million. The company has 400 stores and 6,000 employees.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine