Maxima Bulgaria, owned by Maxima Grupė, has submitted a notification to the Bulgarian Commission for Protection of Competition of entering into a long-term lease agreement regarding the rental of the stores from the local retail chain Triumph. The stores are situated in the city of Plovdiv, the second biggest city in the country, informs the company.
© DELFI / Ugnė Karaliūnaitė

Such a decision is a part of a long-term Maxima Bulgaria strategy for T-MARKET‘s development, which in recent years has been marked by active expansion and implementation of new store formats.

"Over the last 14 years, we have been investing in stores near our customers’ households or workplaces, offering shopping experiences in the best possible conditions. The recent strategic step has been taken to strengthen our presence in Plovdiv, where we already have three T-MARKET stores. We will begin the process the store integration after having the permission from the CPC”, says Peter Pavlov, CEO of Maxima Bulgaria.

Triumph is a local Bulgarian grocery chain operating in Plovdiv since 2000. So far, the retail chain has 11 stores located in all districts of the city.

Maxima Bulgaria operates 73 stores in 38 Bulgarian cities. In 2018 the company opened 9 new stores and reached a positive EBITDA while the revenue compared to 2017 grew 19.4 percent to 132.8 million euros.

It is forbidden to copy the text of this publication without a written permission from DELFI.

Japan plans to involve in Baltic synchronization project

The Baltic states, which are gearing up for the synchronization of their power networks with those...

Lithuanian researchers developed new technology for precision grinding

A team of researchers at Kaunas University of Technology (KTU) has developed a novel approach to...

Real estate tax expansion amendments returned to government

The Seimas of Lithuania lacked several votes on Tuesday to accept a proposal to expand the real...

Energy minister: Lithuania to do all it can to bar Belarus' N-plant electricity

Energy Minister Zygimantas Vaiciunas says Lithuania will take all possible measures to bar market...

Initiative to tax bank assets stalls in Lithuanian parliament

The Lithuanian parliament decided on Tuesday not to debate – at least not for now – a proposal to...