Spanish retailer Eroski has signed an agreement with Kutxabank, a financial institution based in the Basque Country, to offer what it says are "advantageous financing conditions" to its franchisees.
The agreement, which was signed by Kutxabank's corporate banking director, Jon Azurza, and Enrique Martínez Sanz, Eroski's franchise manager, is aimed at small businesses and entrepreneurs looking to open an Eroski franchise.
"Kutxabank works closely with businesses customers, listens to their problems, helps to identify solutions, and, ultimately, contributes to raising financing alternatives to boost the development of their business," Azurza said at the launch of the new initiative.
Eroski is seeking to exceed 100 franchised outlets this year, with planned expansions in Andalusia, Madrid, Castilla-La Mancha, Extremadura and Levante. The new openings will be built around the Contigo format, unveiled by the retailer last year.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.
