Poland - Carrefour to invest PLN 500m
In 2007, Carrefour Polska, which runs hypermarkets under the Carrefour name in Poland, along with the Champion/Globi and Carrefour Express supermarkets, intends to invest some PLN 500m (€128m) in the country. Two of Carrefour’s largest competitors, Biedronka and Tesco, have also announced an intention to develop their existing chains, at a cost of PLN 600m (€154m) and PLN 600-700m (€154-180m), respectively in 2007.
In 2007 Carrefour plans to open at least seven hypermarkets and 14 supermarkets. In addition, a chain of franchise neighbourhood stores is to be launched, and negotiations on the management of stores on petrol station forecourts are also underway. In addition, the retailer is to incorporate some 200 stores to be taken over from Ahold. The €375m transaction has yet to be approved by the Office for Competition and Consumer Protection (UOKiK).
