Retail market concentration
Concentration in the supermarket sector is now changing course, as after the many small acquisitions of mainly local chains by the big players, the marriage between two large chains with a long history behind them is approaching.
This is about the upcoming acquisition of Kritikos by Masoutis, expected to create a new major player in organized food retail, both due to the restructuring of the business map and the expected strengthening of two new trends in the sector: the extensive use of franchising and small points of sale.
After the pandemic, which muddied the waters regarding the real situation in the supermarket sector, came the energy-inflationary crisis. The latter caused some chains to experience a squeeze in profitability, due to increased operating costs, reduced sales volume and the imposition of extraordinary measures, such as the ceiling on profit margins. Now the situation is clearing.
A new player in food retail acquisitions should now be taken into account. That is Motor Oil, of Giannis Vardinogiannis, which through its subsidiary Core Innovations has entered the category of convenience stores, coffee shops and pharmacies.
Kathimerini
