Panama: Grupo Rey Invests $2 Million

The Group opened its 39th supermarket in the country, located in the city of David, in Chiriquí.

Friday, December 4, 2009

This store, the chain's first in the province, employs 68 people.

Roberto Maduro, marketing and corporate affairs chief, told "We will continue investing by enlarging and remodeling other stores located in Doleguita, Volcán and Concepción-Parque".

More on this topic

Grupo Rey Opens in Panama

December 2010

The opening of the new Rey Centennial Supermarket marks the beginning of the expansion plans for 2011.

The group has planned to open four supermarkets in Chitre, Versailles, 24 de Diciembre and La Chorrera and a new logistics center in Coquito, which will concentrate the operations of Agroindustrial Rey, one of the group´s companies.

Seven New Wal-Mart Stores in Guatemala

June 2010

With a $3.12 million investment, the multinational supermarket chain inaugurated the first of seven new stores planned for the second half of 2010.

Located at Mix Shopping Mall, in the City of San Cristóbal, the new facility has already created 91 jobs.

Marcio Cuevas, Wal-Mart corporate affairs manager, told “we’ll open seven new stores of our various brands (Supertiendas Paiz, Despensa Familiar, Maxi Bodega y ClubCo), in the second half of 2010”.

Grupo Rey Invests $21 Million in Panama

May 2009

Grupo Rey Holdings began the construction of a new supermarket in Chitré, the chain’s first one in the Azuero region.

With an investment of $21 million, the construction of 3 thousand square meters for the next Grupo Rey supermarket began in Chitré and it will generate over 100 direct jobs.

The Rey Groups expands in Panama

September 2008

Rey Holdings is planning to open three new stores in Panama in the next few years.

"We are talking of an investment of several million dollars to build each of the three new supermarkets," said Roberto Maduro, Marketing and Corporate Affairs manager, without giving details.

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