Delhaize pulls out of Bosnia and Herzegovina | RetailDetail

Delhaize pulls out of Bosnia and Herzegovina

Delhaize pulls out of Bosnia and Herzegovina

Belgian distributor Delhaize has pulled out of the Balkan even more, as it has now sold its 39 stores in Bosnia and Herzegovina for an undisclosed fee.

2011 purchase rolled back almost entirely

The 39 stores operated under the Maxi, Mini Maxi and Tempo brands ever since Delhaize Group acquired them in 2011. At that time, the group purchased 450 stores in the entire Balkan area from the Serbian Delta Maxi group.

 

That meant it was the first Western European party in the Balkan, but the expansion proved to be quite a hassle and a huge 932.5 million euro investment, of which it had to amortize 270 million euro in 2012. Another 195 million euro was amortized in the third quarter of last year.

 

Delhaize had already sold its stores in Montenegro and Albania, followed by a Bulgarian retreat earlier this year. Now that Bosnia and Herzegovina have been abandoned, Delhaize only holds Delta Maxi's stores in Serbia.

 

Tropic Group, founded by Bojan Risovic, has purchased the 39 stores now. Risovic has been described as an "established retailer with a long history of successfully running retail enterprises", according to a Delhaize press release. The deal should be completed in the third quarter of 2014.

Questions or comments? Please feel free to contact the editors


Isabel Marant opens first Dutch store

24/05/2018

Fashion brand Isabel Marant opened its very first Dutch boutique in Amsterdam. It is located in the P.C. Hooftstraat, in a former McGregor store.

Zara opens new flagship store with holograms and robots

18/05/2018

Zara’s remodeled flagship store in Stratford (London) welcomes customers with holograms, robot arms and iPad-powered employees. The store wants to unite the best of both the online and offline shopping world.

Komono wants to reach 10 physical stores this year

17/05/2018

Belgian accessory label Komono wants to double its number of physical stores to ten this year. “The stores are important to tell our story”, Anton Janssens and Raf Maes told De Standaard.

Hema has to pay Levi's millions

17/05/2018

Store chain Hema needs to pay a 4.4 million euro fine to jeans brand Levi’s after the latter went to court because Hema applied its V-shaped stitching to its own collection.

Suitsupply suffers losses because of expansion

15/05/2018

Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.

Starting this Friday, Belgium has its own national e-commerce event

15/05/2018

Move over, Black Friday! This week, Belgium launches its own national e-commerce event as Jack & Jones, Kiabi, La Redoute, Sarenza, Tape à l'Oeil and Veritas organise the first Belgian Friday.