Interex plans to open 40 stores by 2012

Interex did not post profit in the first three years of activity and plans to change its strategy.

The average investment for one store varies between €2.7- €4.5 million, said the company’s General Manager for Romania, Stanislas Mainfroy. The funds for the 40 stores will come from ITM Enterprises.

Interex is interested in expanding through acquisitions. “We submitted offers to take over the Artima supermarket chain, which was eventually acquired by Carrefour. They offered an excessive amount,” said company officials. Interex will open stores in Bucharest by the end of 2009.