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DIA could close up to 300 stores in Spain

The chain of supermarkets DIA (International Food Distributor) could announce in the coming days the closure of just under three hundred stores, which develop their professional work about 1,600 workers.

The company, in serious economic difficulties in recent months, hopes to be able to get out thanks to these cuts of the insolvency situation that has led it to sink in the stock market, as advanced on Monday ‘The confidential’. Union sources have shown their surprise at the “leak”, while they have warned that the company “has not commented anything”, so these data are still “not official.” For their part, the firm insists that “absolutely nothing has been communicated to any means of communication”.

The firm had in Aragon in 2017 with a total of 295 stores, divided into 211 own and 84 franchises. Almost all of them are located in the province of Zaragoza (215); Teruel is over thirty (32), while Huesca is close to half a hundred (48). The group said last month it will put up for sale the Max Discount brands – with a presence in Sabiñánigo – and Clarel – which owns a total of 102 stores in the community, 36 in the capital – for “not being part of the main business”. Likewise, it confirmed that it will end the year with its adjusted EBITDA, between 350 and 400 million euros, 30% below its initial expectations.

Source: heraldo.es

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