Mercadona could finally open its first store outside Spain this year, according to press reports.
Move has been delayed a year
According to press reports, group president Juan Roig has said that 2013 will be the year in which Mercadona opens its first store outside Spain. The move, initially planned for 2012, is likely to take the form of an acquisition which will allow Mercadona to move slowly into France, Italy, Belgium or Portugal. Reports have suggested an initial public offering could be used to generate cash for international expansion.
Spain still main focus
Meanwhile, the retailer continues to expand across Spain. It has opened its first store in the community of Navarre, leaving only the Basque Country without a Mercadona store. A total of 60 new stores opened in 2011. Although 2012 figures have yet to be revealed, Mercadona is off to a good start this year having already opened three stores in January.