Musketeers Group eyes expansion in Poland

The Musketeers Group, which manages the Intermarche and Bricomarche chains, plans to invest PLN 425 million in Poland this year, the company said on Thursday. By the end of 2020, the company plans to open almost 500 new supermarkets in Poland. Within that time, it will spend some PLN 6 billion on investment. The company also said that its networks recorded sales revenues of PLN 2 billion in the first half of 2014. It expects the full-year figure to be more than PLN 5.4 billion compared to PLN 4.9 billion in 2013. In 2020, the Musketeers Group is expected to have a revenue of PLN 16 billion. The network now includes 209 Intermarche and 100 Bricomarche stores.