Jeronimo Martins to invest PLN 1.1bn a year in Poland over 2010-2012

2010-02-15



Jeronimo Martins (JM), the Portuguese retail group, confirmed plans to invest heavily in Poland over the next three years, as it continues to expand Biedronka, its flagship discount-store chain.
Pedro Pereira da Silva, CEO, announced on 11 February that the company’s capital expenditures in Poland will reach PLN 1.1bn (approx. €300m) annually over this period. At the heart of the programme will be new-store openings, with 550 Biedronka stores to be added by the end of 2012, up from 1,500 at the moment. The company will also invest in its logistics base in the country. In 2010 it plans to build two distribution centres, for example.
Poland is the largest and fastest-growing market for the JM group.