METRO SA supermarket chain’s plan for 2026-2029 foresees investments of over €280 million, President and CEO Aristotelis Panteliadis said on Tuesday.
At a press conference, Panteliadis said, “Last year was a record year, with €72 million in investments. This year we expect to invest approximately €55 million.” In the organized retail market, investments are necessary, he said, stressing that “in this sector, if you don’t invest, you die.”
METRO, a fully Greek-owned company, was founded in 1976, according to its website. It owns MyMarket and MyMarket Local (franchise) stores at more than 300 locations, and 50 wholesale outlets METRO Cash & Carry. In addition, it owns two Best Value For Professionals stores on Cyprus.
