Stokrotka has signed an agreement to take over 14 grocery stores in the Mazowieckie Voivodeship, and upholds its plan of 150 openings this year, the chain said. The takeover transaction is to be completed by the end of 2022, provided, inter alia, obtaining the consent of the Office of Competition and Consumer Protection (UOKiK).
“According to the agreement, the Stokrotka chain of stores will be expanded by 14 new stores in the Mazowieckie voivodship. Their sales are expected to be over PLN 100 million. Currently, Stokrotka runs 840 stores across Poland. Thanks to the concluded agreement, the chain continues the rapid pace of the development of stationary stores, aiming to open about 150 new stores this year, ”we read in the release.
The managing director, president of Stokrotka, Arnas Zimnickas, emphasized that the concluded contract for the acquisition of 14 new stores is another important step in the development of Stokrotka. In 2021, the company thus joined its network of 8 branches in the Mazowieckie Voivodeship.
“Therefore, we are consistently implementing the strategy of building our position on the market, combining organic growth with activities related to new acquisitions. It is important to us that thanks to the signed contract, we can reach a wider group of customers with the values that have guided us from the beginning: a rich assortment, excellent quality, great promotions as well as the proximity of our store and the convenience of shopping “- said Zimnickas, quoted in the release.
Established in 1994, Stokrotka covers over 800 stores located throughout Poland. Since 2018, it has been part of the Lithuanian Maxima trading group.