Dino expanding rapidly

Supermarket retailer Dino increased its number of outlets by 117 in 2016, the company stated on Wednesday in a press release, a 15 percent increase, y/y. It now runs 628 stores in Poland. “In the years 2013-2015 the network Dino opened about 100 new stores per year, which gave us the position of the fastest growing supermarket chain [in terms of number of stores] in Poland, “ said the company’s president Szymon Piduch. The Group plans to further develop both by thickening network in the western part of the Poland, and through a gradual expansion to the north and east of the country. In December, 2016, Dino submitted an application to the Financial Supervision Commission (KNF) in connection with the planned public offering and the company's debut on the stock exchange planned in the first half of 2017. The company is dually owned by the founder of the company, Tomasz Biernacki, and the Polish Enterprise Fund VI (PEF VI) managed by Enterprise Investors. In 2015, Dino Group achieved sales of PLN 2.59 billion. It has not yet released its sales figures for 2016.