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Stokrotka swallows Sano

Opr./edited AZ 08 February 2019
Stokrotka swallows Sano
The Sano grocery chain is to be integrated into the bigger and better-known Stokrotka store network

POLAND The merger of Stokrotka and Sano grocery store brands, which are both owned by Lithuanian company Maxima Grupė, has been formally completed. Both chains will now operate under the Stokrotka brand.

A total of 36 stores in north-western Poland currently operate under the Sano name. In 2017 their revenues exceeded EUR 71 mln. At the end of 2018, the Aldik chain, which has been owned by Maxima Grupė since 2012, was also integrated into the Stokrotka network – with thirty shops of the chain already having become Stokrotka stores.

“We will soon complete the merger of our three chains operating in Poland so that they operate under one name. We chose the Stokrotka brand because it is the best-known and liked by customers and it has a strong position in the local store segment. Now we will be starting the next stage of our activities in Poland – focusing on improving our operations and openings in new locations,” commented Dalius Misinas, the CEO of Maxima Grupė in a company announcement.

In 2019 Maxima Grupė intends to open another 120–140 stores in five countries, a good proportion of which will be in Poland. The company plans to invest at least EUR 100 mln in the expansion and modernisation of its chain stores in all its markets.

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