The company said the process will also continue in August, with seven more store remodelings. Rewe currently has 203 operational units in Romania.
Penny Market is Rewe group’s flagship brand and one of the most active retailers in Romania. The first Penny Market store was opened in Romania in 2005.
Some 4,000 people currently work within Penny Market stores in Romania. The company plans to continue its local epension by 20-25 more units by the end of 2017.
Rewe initially had four brands in Romania. Selgros was the first brand the company had forgone, by selling it in an international transaction. In December 2015, it was sealed the sale of Billa stores in Romania to Carrefour, and in December 2016, it was announced the closure of XXL Mega Discount stores.