Mercator enters Montenegro market

Slovenia’s biggest retailer, Mercator, acquired a majority stake in the Montenegrin chain store, Mex. Under the deal signed in Podgorica on Friday, Mercator has bought a 51 per cent stake in Mex. Mercator enters Montenegro market The name of the company will be changed to Mercator Mex on January 1. The President of the Mercator Board, Ziga Debeljak, said his company was aiming to offer quality products at the lowest prices in Montenegro. “We have ambitious aims, and the Montenegrin market is very important for us”, Debeljak told journalists. Mex’s Director, Ivan Karadzic, said that signing this contract would help his business’s integration with an EU company. Mercator is the second big regional retailer to appear on the Montenegrin market recently. Last week Serbia’s Delta Holding opened two supermarkets – one in Podgorica and another in the coastal town of Bar. Mex, founded 11 years ago, is one of Montenegro’s main retailers, with stores in Podgorica, Niksic, Bar and Ulcinj. The Mercator group is one of the biggest retailers in the Balkans. According to the company’s projections, its revenues this year will amount to EUR 2.3bn. Montenegro is the fifth market Mercator has entered.

Mercator enters Montenegro market

The name of the company will be changed to Mercator Mex on January 1.

The President of the Mercator Board, Žiga Debeljak, said his company was aiming to offer quality products at the lowest prices in Montenegro.

“We have ambitious aims, and the Montenegrin market is very important for us”, Debeljak told journalists.

Mex’s Director, Ivan Karadžić, said that signing this contract would help his business’s integration with an EU company.

Mercator is the second big regional retailer to appear on the Montenegrin market recently.

Last week Serbia’s Delta Holding opened two supermarkets – one in Podgorica and another in the coastal town of Bar.

Mex, founded 11 years ago, is one of Montenegro’s main retailers, with stores in Podgorica, Nikšić, Bar and Ulcinj.

The Mercator group is one of the biggest retailers in the Balkans.

According to the company’s projections, its revenues this year will amount to EUR 2.3bn.

Montenegro is the fifth market Mercator has entered.