AP Mart
Merger of Piccadilly, Carrefour in Bulgaria Falls Through
A merger between teh owner of Bulgarian supermarket chain Piccadilly and Carrefour's franchisee in the country has been called off, dnevnik.bg.reported on Monday.
According to KMB BV, the company holding the Carrefour franchise in Bulgaria and owned by Greece's Marinopoulos Group, the merger won't proceed.
Piccadilly, Carrefour Supermarkets To Merge In Bulgaria
The owners of Bulgaria's supermarket chain Piccadilly and the Carrefour franchise agreed to merge the two retail chains in Bulgaria.
According to Dnevnik.bg, the two owners, the Bulgarian company AP Mart and Greek franchise of Carrefour, KMB Bulgaria, will establish a new joint venture.