International Retail News

Eroski sells eight of its hypermarkets and a gas station to Family Cash

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Eroski has signed an agreement for the transfer of the business, without real estate, of eight hypermarkets, including Tomelloso (Ciudad Real), and a gas station to the Valencian Family Cash chain, the Basque group reported on Wednesday.

Specifically, the operation includes the hypermarkets Eroski de Tomelloso (Ciudad Real), Lebrija (Sevilla), Utrera (Sevilla), Chiclana (Cádiz), Lorca de San Diego (Murcia), Carcaixent (Valencia), Parc Alban (Valencia), La Vall d’Uixò (Castellón) and the gas station of Zaragoza.

Eroski transfers, progressively until the end of 2021
According to Eroski, the new operator contemplates the maintenance of all the jobs and the subrogation of the working conditions of the templates of all the centers included in the operation.

The transfer will be progressive and will last until the end of 2021, and until it becomes effective, all the centers will continue to operate under the Eroski brand.

The operation includes the sale of the business but not of the real estate owned, on which lease agreements with the new operator are established.

With this operation, Eroski advances in the lines defined in its Strategic Plan, which goes through achieving a group more focused on its strengths in Northern Spain and more profitable, while in other regions it grows through franchises.

Source: encastillalamancha.es

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