The Rey Groups expands in Panama

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

Monday, September 22, 2008

"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.
The retailer, which last year bought over Romero (with stores in Chiriqui and Bocas del Toro) for 16 million dollars, said that they hope to have $366 million in sales, an increase of 15% in this fiscal year ending October over the period ended in 2007.

More on this topic

Fierce Competition Between Supermarkets

March 2012

Certain chains are drowning out competition by making huge investments in opening new stores or by buying up other businesses in Costa Rica.

Gessa - owner of Peri, Jumbo, and Supercompro- announced this week its acquisition of Saretto supermarket, located in Escazu. The goal: to break into the premium products segment (gourmet imported), Saretto’s strong point, Guillermo Aguilar, general manager of the corporation, said to Nacion.com.

La Colonia Opens New Supermarket in Honduras

December 2011

With an investment of one million dollars, Supermarkets La Colonia, has opened store number 22 in Honduras.

Located in the Premier de Comayagüela Mall, the 1,500 square meter supermarket has generated 60 direct jobs and over 180 indirect jobs.

Latribuna.hn reported quoted Fernando Caceres, La Colonia’s marketing manager who said, "We are extending our services to all areas of our country, we invite all Honduran families in the area north of Tegucigalpa not to miss the amazing variety of national and international products that only La Colonia offers."

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 Pa-digital.com.pa: "We will continue investing by enlarging and remodeling other stores located in Doleguita, Volcán and Concepción-Parque".

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.

 close (x)

Receive more news about Retail

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Macy's store stock clothing from US

We are offering store stock, Jobout, Customer returns women's, men's, children's clothing, accessories, shoes and many other categories from Macy's store.
Store Stock. Jobout. Customer returns. Categories: -...

Stock Indexes

(Nov 17)
Dow Jones
-0.43%
S&P 500
-0.26%
Nasdaq
-0.15%

Commodities

(Nov 20)
Brent Crude Oil
61.820
Coffee "C"
125.70
Gold
1,289
Silver
17.115