Delhaize sells its Bulgarian stores


Belgian supermarkets group Delhaize said recently had sold its Bulgarian business to AP Mart for an undisclosed sum as it focuses more on core markets, informs. Delhaize had 54 stores in Bulgaria at the end of 2013 of a total of 3,534 worldwide, the bulk in the United States. Delhaize, which will report full-year results on March 13, has said in the past that it wanted to focus its resources on areas where it has leadership positions and has also sold its operations in Albania and Montenegro. The transaction was expected to be completed in the second quarter of 2014. Along with Bulgaria, Belgian retailer announced at the beginning of this year that is going to open twenty new stores in Serbia, close seven unprofitable ones and renovate forty others. The optimisation of its retail network will also take place in Bosnia-Herzegovina (closing six stores). “Closing unprofitable and opening new stores will save the company money, which Delhaize Serbia plans to reinvest in the Serbian market, which will primarily benefit the consumers”, said David Vander Schueren, Delhaize Group Director for Serbia, Bosnia-Herzegovina and Montenegro to Serbian news agency Tanjug, informs.