Spain-based Grupo Uvesco has acquired 11 Simply stores from Sabeco Banaketa, in Bizkaia. The acquisition is subject to regulatory approval.
11 Simply stores…
The 11 acquired stores have a selling space of almost 12,000 sq. m. Five of the stores are in Bilbao, two in Barakaldo, two in Santurce and two in Portugalete. Uvesco will also take over responsibility for all the stores’ employees.
…added to a network of 221 stores
The company commented, “For Uvesco, this operation involves reinforcing the expansion of its model based on quality on three pillars, the fresh product, customer service, and variety of assortment, expanding the commercial surface to approach the customer, a process in which since its inception”.
Grupo Uvesco now operates a total of 221 supermarkets, under its BM Supermercados and Super Amara banners. It generated a sales growth of 5% to €740m in 2018 and hopes to continue the same success in 2019.