Ukrainian retailer Fozzy Group has attracted external financing to push through rapid expansion of its discount-oriented Thrash banner. As reported by delo.ua multi-format Ukrainian grocery retailer Fozzy Group will open a credit line of USD75mn (EUR70mn) with Alpha Bank to finance the expansion of its newly developed price-focused banner under the Thrash logo. As announced earlier, most of the 37 existing Thrash discount-supermarkets have been converted from former Silpo stores, in cities with a population of more than 100,000.
Sebastian Rennack (Senior Retail Analyst), on 06-Apr-2017 13:25:28
Topics: Fozzy Group