Penny Market, member of one of the Europe’s leading retail and tourist concern REWE Group, will invest EUR 100mn in construction of 90 to 100 stores in the country. The retail chain will be serviced by about 1,300 permanent employees. Penny Market has published land search notes in the local press for all settlements in the country with population of over 20,000. The company is focused on budget consumers dominating the markets in smaller and medium-sized settlements. Billa, which has the biggest retail network in the country, is also part of REWE Group.
Source: Intellinews-Bulgaria Today