Cora has been operating in Romania since 2003, where it currently has 11 hypermarkets, and plans top open more stores and to develop its online business which has a good growth outlook, said Destailleur.
“I can assure all our customers and our business partners that rumors of a potential sale of Cora’s Romanian operations are groundless,” he said.
Market sources told Ziarul Financiar earlier this week that French chain Carrefour, the second largest player on the local retail market, was looking into buying Cora’s local operations. Representatives of Carrefour Romania declined to comment.