The Consum Cooperative has acquired nine supermarkets under the Economy Cash and Vidal Tiendas brands in the Valencian Community, Catalonia and Murcia from the Valencian distribution company Coups Design International, and will have a total of 193 employees in these supermarkets. The name will be inherited.
The purchase operation requires approval from the National Market and Competition Commission (CNMC), Consum reported in a statement.
The acquired supermarkets are located in the Valencian region (Aldaia, Arracas, Masanassa, Sueca, Gandia, Xativa, Torrevieja), Catalonia (Amposta) and Murcia (Caravaca de la Cruz) and, with the exception of Xàtiva, all operate under the Economy Cash banner. I’m doing it. , from Vidal Tiendas.
Mr. Consumu said that this project will ensure that the cooperative improves its services in the Mediterranean region and improves its position in the national market, reaching a share of 26.5% in the Valencian community.
In terms of employees, the company intends to integrate all 193 employees of the acquired centers into its collaborative model, bringing the total team size to more than 22,000, as in its previous operations. People of 2024.
So far this year, the cooperative has opened 5 of its own supermarkets and 30 charter franchises, and in addition to the acquired stores, Consum has a network of more than 970 stores spread throughout the Valencia region, Catalonia and Murcia. This will end this year. , Castile-La Mancha, Andalusia, Aragon.
Among the supermarkets acquired is the first store that Consum opened in Alacas in 1975 and began its journey of cooperation. The new acquired supermarket is scheduled to open next year, when Konsum celebrates its 50th anniversary.
