Italian retailer VéGé Group has expanded its operations in the Italian region of Calabria by acquiring 10 stores in Reggio Calabria, which will trade under the Sigis banner.
GiCap, a partner company of VéGé Group in Sicily and Calabria, acquired 9 stores, which will change their insignia from Simply to Sidis, and also opened a new 2,000 m2 Sidis store in Reggio Calabria.
As a result, the number of GiCap outlets in Calabria have doubled to 20 (under the ARD, Sidis and Qui Conviene banners).
GiCap, which should close 2015 with sales of around €260 million, intends to continue expanding in 2016. Plans include the opening of another 10 stores with the ARD and Sidis banners in Sicily and Calabria, the opening of a 40,000 m2 storage capacity for dry, cool and fresh goods and also the opening of a Cash & Carry.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
