Kerdos has letter of intent with Auchan

Luxembourg-based Meng, a chain owned by Kerdos holding, has signed a letter of intent with Sodipar Simplified Joint Stock Company, part of Auchan Group. A month ago Kerdos signed a similar agreement with Carrefour. "World's largest chain stores are willing to cooperate with us, appreciating the locations of Meng and the opportunities related to it," said Kamil Kliniewski, Kerdos CEO. The agreement regards operating Meng as a franchisee of A 2 PAS chain stores. The negotiation are to be finalized in August the latest, a press release read. Kerdos is a holding company focused on trade operations in the hygiene and household cleaning product segments. It recorded PLN 220 million in revenue in 2014.