Lithuanian retail giant Maxima Grupė has been awarded for its successful acquisition of Polish supermarket chain Stokrotka at this year’s Food Market and Retail Forum, held on 5 November and 6 November in Warsaw.
Maxima Grupė was nominated in the ‘Polish year’s food market event’ category at the awards, which acknowledge the most important events in Polish retail sector.
'Significant Acknowledgment'
Chairman of the board and CEO of Maxima Grupė, Dalius Misiūnas, said, “For us, this award is [a] significant acknowledgment, keeping in mind that we are investing and expanding in [a] much bigger market than Lithuania. Positive assessment from Polish colleagues motivates us to continue developing business in this country.
“We find Poland attractive for its size, growth and consolidation potential. Thus, we are planning further ambitious expansion in this market.”
The company also claims that the completion of the deal has made it the largest Lithuanian capital investor in Poland.
Currently, Maxima Grupė runs more stores in Poland than in all Baltic countries’ markets combined.
Stokrotka retail chain owns more than 500 stores, and employs more than 8,000 personnel.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.
