Consum acquired nine supermarkets from Valencian distribution company Koups Design International. Seven of the stores are located in the communities of Valencia (Aldaia, Arracas, Massanassa, Sueca, Gandia, Xativa, Torrevieja), one in Catalonia (Amposta) and one in the Catalan region. Murcia (Caravaca de la Cruz).
All properties operate under the Economy Cash banner, with the exception of the Xàtiva property, which operates as Vidal Tiendas. The project is subject to approval by the National Market and Competition Commission (CNMC) and will allow the cooperative to improve its services in the Mediterranean region.
The operation still requires approval from the National Market and Competition Commission
As with its previous operations, Consum will integrate the entire workforce of the acquired centers (equivalent to 193 people) into its collaborative model, with plans to reach a team of more than 22,000 people by 2024.
So far this year, the cooperative has opened five of its own supermarkets and 30 charter franchise stores, and in addition to the acquired stores, the Valencian company has a network of more than 970 stores spread throughout the Catalan community of Valencia. It will be the end of this year. , Murcia, Castilla-La Mancha, Andalusia, Aragon. With this operation, Consum asserts that it will improve its position in the domestic market, estimating that this operation will give it a market share of 26.5% in the Valencian community.
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Among the acquired supermarkets is the first store Consum opened in Alacas in 1975, starting its “cooperative journey,” the cooperative reported. The new acquired supermarket is scheduled to open next year, when Konsum celebrates its 50th anniversary.
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