SERBIA: Intermarche to quit Serbia | Progresiv

Intermarche is close to selling its nine Interex stores in Serbia, according to French press reports. Intermarché exited Kosovo and Bosnia in 2014. It is now reportedly awaiting the agreement of competition authorities to sell the Serbian supermarkets to local distributor Aman.

Intermarche’s presence will now concentrate mainly on western Europe, with Poland its only central European market. Speaking earlier this year, head of ITM Alimentaire Thierry Cotilllard said the retailer has a good pipeline for expansion in France, where small hypermarkets and urban stores are the key formats. (www.retailanalysis.igd.com)