Lejeune said recent information alleging the retailer might sell its local operations is completely ungrounded.
On June 26, Ziarul Financiar wrote that Cora has halted expansion in the country because its shareholders are unhappy with its performance.
According to Ziarul Financiar, retailer Cora blocked several projects that were to be developed both on its own land plots and within shopping centers, in a move to consolidate its current business.
Cora, which entered the Romanian market more than a decade ago, has cautiously expanded locally until 2009, ending the year with three stores. However, during the crisis, the French-Belgian retailer, part of Louis Delhaize group, stepped on the expansion pedal and reached 12 units at the end of 2013.