Conad merges business units to improve efficiency

Source: esmmagazine, Monday, Jun 24, 2019

Italian retailer Conad has started the process of rationalising a number of its operational units to increase market efficiency. The board of directors of Nordiconad and Conad del Tirreno have approved the merger of their respective organisations, which will result in the establishment of Conad Nord Ovest, consisting of 587 stores, net assets of EUR628 million and a turnover of EUR4 billion.