Amazon wants to expand. Is Mercadona feeling lucky?

Publication

11 January 2022 à 11h50

Updated on 13 January 2022 à 16h33

Reading time

2 minutes

Publication: 11 January 2022 à 11h50, Updated on 13 January 2022 à 16h33

Reading time: 2 minutes

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After taking over Whole Foods Market in 2017, Amazon is looking at several potential physical retail targets.
Publication

11 January 2022 à 11h50

Updated on 13 January 2022 à 16h33

Reading time

2 minutes

Publication: 11 January 2022 à 11h50, Updated on 13 January 2022 à 16h33

Reading time: 2 minutes

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According to Italian retail expert Mario Sassi in Milan, the Seattle-based company is considering taking a majority stake in Spanish retailer Mercadona.

With 1,640 supermarkets generating sales of €26.93 billion in 2020 (up 5.5% on a comparable basis), Mercadona is the number one food retailer in Spain with a 25% market share. Net margin, in 2020, reached 2.7% of sales. The business model is based on private labels, fresh products and low prices, recognised worldwide. According to a Whole...

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