Carrefour completes renovation of Billa stores in Romania

26 September 2017

French retailer Carrefour has completed the renovation of the Billa stores in Romania, seven months after starting the process.

In December 2015, Carrefour signed an agreement to take over the Billa Romania network, which included 86 Billa stores. German group Rewe owned the network.

The Carrefour group has 303 stores in Romania, including 32 large stores. Some 200 of its stores run under the “Market” format.

Carrefour posted a turnover of EUR 1.8 billion in Romania last year, up 10% year-on-year. The turnover includes the results of three companies, namely the one operating hypermarkets and proximity stores (Carrefour Romania), the one still operating the network taken over from Billa (Billa Romania), and the legal entity managing the Market supermarkets (Artima).

The cumulative profit reached EUR 30.2 million, similar to 2015. Only Carrefour Romania recorded profit last year, whereas the other two firms saw losses. In 2015, all three companies posted profits.

editor@romania-insider.com

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Carrefour completes renovation of Billa stores in Romania

26 September 2017

French retailer Carrefour has completed the renovation of the Billa stores in Romania, seven months after starting the process.

In December 2015, Carrefour signed an agreement to take over the Billa Romania network, which included 86 Billa stores. German group Rewe owned the network.

The Carrefour group has 303 stores in Romania, including 32 large stores. Some 200 of its stores run under the “Market” format.

Carrefour posted a turnover of EUR 1.8 billion in Romania last year, up 10% year-on-year. The turnover includes the results of three companies, namely the one operating hypermarkets and proximity stores (Carrefour Romania), the one still operating the network taken over from Billa (Billa Romania), and the legal entity managing the Market supermarkets (Artima).

The cumulative profit reached EUR 30.2 million, similar to 2015. Only Carrefour Romania recorded profit last year, whereas the other two firms saw losses. In 2015, all three companies posted profits.

editor@romania-insider.com

Normal
 

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