Tanger Markt seeks foreign expansion

Tanger Markt seeks foreign expansion

Multicultural supermarket chain Tanger Markt seeks foreign expansion "as quickly as possible", with Brussels and several German cities as its primary targets. "This is just the beginning", the retailer said.

Success story

Tanger Markt has opened four stores in the Netherlands and one (Antwerp) in Belgium in the past 5 years, and now owner Ahmed Barghaoul plans stores in Utrecht, Den Haag and a second one in Amsterdam, along wih stores abroad. He aims to get a 100 million euro yearly turnover, without investor support as "you quickly become addicted to debt", he explains in Dutch newspaper De Volkskrant.

 

The supermarket chain is known for its oriental array of products and low prices. It buys its meat, chicken, vegetables, fruit, dairy and non-food at the supplier whenever possible, to lower costs.

Questions or comments? Please feel free to contact the editors


Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Ralph Lauren outperforms expectations

08/08/2017

Fashion label Ralph Lauren’s first quarter was a very good one, as it beat both analysts’ turnover and profit forecasts. It is quite a turnaround for a company that suffered a huge loss only a year ago.

Difficult first quarter for New Look

08/08/2017

British fashion chain New Look’s past quarter was disappointing with a 4 % turnover drop. Its adjusted EBITDA fared much worse, with a 35 % drop.

ING forced to pay Foot Locker compensation

07/08/2017

Dutch ING Bank will have to pay the Dutch and European Foot Locker branches 300,000 euro in damages. A court decided the fee after Foot Locker was scammed for 1.8 million euro in 2015.

Asics opens its largest store yet in London

04/08/2017

Sports brand Asics opened a new flagship store in London, which is also its largest store in the world. Located in Regent Street, the store will bring together its four labels for the first time ever.

Back to top