Failed Slovak supermarket chain Kačka selling off stores

Failed Slovak supermarket chain Kačka selling off stores

Published at: 2019-11-04 09:19 | Author: CIJEurope.com
Stores owned by the bankrupt Slovak Kačka supermarket chain are being snapped up by investors and competing operators. This comes as no surprise to market observers, who noticed back in June that the company was shutting down non-performing stores across the country. By August, just 200 of the original 300 remained and the store undertook a huge inventory sell-off halfway through September. Now, the company's 1,800 employees are hoping to be some of the lucky ones who get to go back to work at the same store operating under a new name. Pravda.sk reports that Terno real estate, which runs the relatively new Kraj network of supermarkets, is in negotiations with Kačka. It also speculates that the company Kon-Rad is interested in taking over at least one of the failed stores.

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