Supermarket chain Jumbo acquires four Alvo stores. This brings the Dutch retailer’s number of branches in Flanders to 21.
Jumbo opened its first store in Flanders at the end of 2019. The chain is now seventeen, spread across all provinces except Flemish Brabant. Four branches will be added: Jumbo acquires stores in Rumst, Niel and Boom in Antwerp, and Baasrode in East Flanders from independent operator Alvo.
The four Alvo stores will close at the end of next month, after which Jumbo will renovate them. They will make their new start in the fall of 2022. Existing employees can start working at Jumbo, which will also attract new employees.
According to Jumbo CFO Ton van Veen, Jumbo “received an enthusiastic welcome in Belgium”. The retailer aims to open at least a hundred stores here and continues to search for suitable locations.
Jumbo is the largest supermarket chain in the Netherlands after Albert Heijn, just like the Delhaize part of Ahold Delhaize. Albert Hein is also in foray into Belgium and has also previously expressed his ambition to open a hundred stores in Flanders and the Brussels suburbs. Since entering Belgium in 2011, the retailer has already opened 66 stores.
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