Maxima Group news

17 December 2018
Lithuania-based Maxima has acquired its third Polish retailer, Sano, and will complete the merger in early 2019. This follows the acquisition of Emperia Holding, which owns the Stokrotka brand, in May 2018. Sano acquisition is a strategic move to develop online Sano operates 36 stores in north western Poland and operates an ecommerce site. It is reported to generate revenue worth PLN304m (€...
17 August 2017
We look at the impact on Estonia’s online channel after Omniva (Eesti Post AS), Estonia’s state-owned logistics company, closes its year-long pilot grocery delivery service in the Tallinn metro area. Service economically unviable for Omniva Omniva said that within its current logistical process the grocery delivery service will be economically unviable if it expands geographical coverage ...
14 October 2016
In this update, we look at what has happened at retailers across the region in the third quarter of 2016, including market entries & acquisitions, new store concepts, online & technology developments, loyalty enhancements and new appointments. MARKET ENTRIES & ACQUISITIONS Albania –  SPAR has opened its first stores in the country in partnership with Balfin Group, making Albania the 4...
01 August 2016
As part of Rewe's plans to exit the Bulgarian market, Maxima has acquired 12 of the retailer's Penny stores in Bulgaria. The deal has already been approved by the Bulgarian Commission on Protection of Competition. Maxima's Bulgarian store count: +25%  As a result of the acquisition, Maxima will grow its Bulgarian store count from 48 to 60 stores, increasing its geographic presence. Maxima...
18 July 2016
In this update, we look at what happened at retailers across the region in the second quarter of 2016, including market entries & investment plans, new store concepts, online & digital, new technology, efficiency drives and legislation affecting retail. MARKET ENTRIES & INVESTMENT PLANS Lidl • Lithuania – The retailer has entered its 27th market, with 15 stores across nine towns and ci...
08 July 2016
Baltic retailer Maxima is trialling a new ‘Electronic Nose’ tool that allows shoppers to check the quality and freshness of products in Lithuania. 84% of shoppers link supermarket quality with fresh food The gadget was developed in partnership with Ars Lab and can track freshness based on the presence of natural fermentation gas. It is currently being trialled in the fresh meat, pou...
18 May 2016
Maxima has appointed Alvydas Šustikas, as its new CEO, replacing Neringa Janavičiūtė who is leaving the business. New CEO appointed from next week The new CEO will be in position from May 21st, heading up the retailer’s operations in the Baltics, Bulgaria and Poland . Commenting on the change, Neringa Janavičiūtė said ‘Over the last few years, I think, we successfully achieved the k...
04 May 2016
Leading Baltic retailer Maxima is looking to strengthen its position in Bulgaria by taking over 12 stores of Rewe’s Penny stores, as a result of the retailer's plans to exit the the market. As a result, it will operate 60 T-market stores in the country. Deal in the hands of local competition authorities Commenting on the development, Giedrius Juozapavicius, head of corporate affairs at ...
10 February 2016
Swedish market leader ICA has revealed that it achieved consolidated net sales of SEK 101,221m (€10.7bn) in 2015, an increase of 5.6% excluding acquisition and divestment effects. Profit for the year was (€518.1m). Swedish sales +4.9%, strongest growth in hypermarkets In Sweden, ICA’s net sales grew by 4.9% to SEK 72,624m (€7.7bn). The retailer achieved growing sales and like-for-like sa...
05 February 2016
Baltic retailer Maxima has reported its 2015 results, revealing that consolidated turnover excluding VAT grew by 3.6% to €2.677bn. The retailer revealed that turnover increased in all countries, including Lithuania, Latvia, Estonia, Bulgaria and Poland. 25 new stores and €75.2m investment, majority of which in Estonia During the year, Maxima opened 25 new stores and redeveloped a furth...