The commercial distribution arm of the Valencian Community will manage the Economy Cash and Vidal Tiendas brands, with the sale of the network of Quaps Design International facilities in the hands of the Valencian canning industry group Nudisco, headed by Miguel Ángel. We are facing a new stage. Alcaraz. The Tarragona company Fragadis (Spar) acquired 30 of the 51 properties of the aforementioned group, while Consum acquired 9.
Economy Cash Vidal Tiendas is one of the five largest companies in this sector based in the Valencian community, a business led by Mercadona and also joined by major operators such as Consumu, Family Cash and Maximas. It is under its umbrella. At this time, the parties have not identified financial expenditures related to this business, including the distribution center.
Miguel Ángel Alcaraz, president of KUUPS and NUDISCO (VIDAL TIENDAS, in file image. / Levante-EMV)
There are 7 cooperatives in Valencia (Aldaia, Arracas, Masanassa, Sueca, Gandia, Xativa, Torrevieja), 1 in Catalonia (Amposta), and 1 in Murcia (Caravaca de la Cruz). obtained. 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.
KUUPS Supermarket, file image. / Lift EMV
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.
Expansion of consumption
So far this year, Consum has opened 5 of its own supermarkets and 30 charter franchise stores, and with the addition of acquired stores, Consum has opened 5 supermarkets of its own and 30 charter franchise stores, and with the addition of acquired stores, Consum has opened 5 supermarkets of its own and 30 charter franchise stores, and with the addition of acquired stores, Consum has opened 5 stores of its own supermarkets and 30 charter franchise stores. Aragon. With this maneuver, Consum improves its position in the domestic market, reaching a share of 26.5% in the Valencian community.
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.
job creation
Consum created more than 1,900 jobs in 2023, an increase of 10% year-on-year, reaching more than 21,200 employees. Over the past decade, the cooperative has doubled its workforce and created nearly 10,000 jobs in the autonomous communities in which it exists.
