Grupo Rey Invests $21 Million in Panama

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

Friday, May 22, 2009

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.

Cindy Calderón wrote in an article in "Rey Group has projected the opening of five new supermarkets for 2010: Rey Balboa, Rey Centennial Park and Rey Versalles in Panama; Rey Chitré in Herrera; and a new Romero in Barrio Bolívar in the Chiriquí province."

More on this topic

18 New Supermarkets in Costa Rica During 2010

April 2010

Automercado, Walmart and Gessa are expected to open 18 new supermarkets in 2010, worth a combined investment of $20 million.

Walmart will add ten new locations to its network, using its Pali and Maxi Bodega Brands, while Automercado will open two and Gessa six under its Perimercados and Super Compro brands.

Panama: Grupo Rey Invests $2 Million

December 2009

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

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".

New "La Colonia" Store in Honduras

August 2009

Supermarket chain "La Colonia" inaugurated its new store in Comayagua, Tegucigalpa, after a $1.6 million investment.

The chain's 16th store in the country has a constructed area of 12.000 square meters.

"With this new store we are creating 60 direct jobs and 60 indirect ones", reported Fernando Сáceres, Marketing Manager.

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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Grupo AR Inversiones S.A.

The company develops small comercial projects in the capital city of Guatemala. 15,000-25000 square meters of construction area.
Operates in Guatemala
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