Briefs
Castorama acquires
Alma Market's Kraków real estate
Alma Market (formerly KrakChemia), the operator of Alma supermarkets and DIY stores signed a pre-agreement to sell its Kraków based plot (34,000 sqm) with existing buildings to Castorama. Profits from the transaction (PLN 31 mln plus VAT) is to be invested in the development of the company's core activity which is the retail of FMCG.
H&M lifts USA
The Swedish fashion chain H&M earned over USD 350 mln before tax in the second quarter of this year. This result is 6 pct. better than in the first quarter. H&M's management said that higher sales in the USA were behind the good results.
Jeans Club considers Reduta a good fit
Hungary's largest youth fashion retailer, Jeans Club, and Diverse which serves the same market, have taken 759 sqm and 210 sqm respectively in the Reduta shopping centre. After undergoing a 39,000 sqm enlargement which is scheduled to be
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