Jumbo could buy several small supermarkets in The Netherlands – report (translated)
08 DEC 2017
Dutch supermarket chain Jumbo could acquire several small supermarkets in The Netherlands in the near future, RTL Nieuws reported, citing several retail experts. Jumbo at the moment is the second largest supermarket chain in The Netherlands but needs substantial growth in order to keep that position. Buying several struggling supermarkets that are seeking partners or want to be taken over would be a way to achieve that, the report said.
In November Frits van Eerd, general director of Jumbo, in an interview with the Dutch daily Algemeen Dagblad said that a few months earlier he had tried to acquire supermarket chain Emté, but his offer was refused. Still, he has not given up on the idea, van Eerd was quoted as saying.
Jumbo is a family owned company with 600 shops and 70,000 employees. Last year its turnover was EUR 6.7bn.