Tesco to invest zł. 500 million this year in 16 new stores

According to Tesco Polska (TP) management board members, the total value of the venture has been estimated at zł. 500 million. "We intend to expand at the same pace as we did last year," said TP's president Kevin Doherty. According to TP's deputy president, Czesław Grzesiak, the size of the new hypermarkets will range from 2,000 to 5,000 square meters. Tesco currently owns 38 hypermarkets across the country. The distribution center launched on Tuesday cost around $40 million. Currently, it employs 292 people however, this number will rise to 600. At the beginning of 2005, Tesco intends to open its second distribution center. (Parkiet, p. 3) A.Z.