Despite the global economic crisis, the Super 99 and Rey Group, two leading supermarket chains in Panama, do not stop their expansion plans. Both giants finishing touches to start the construction of nine additional branches, which must be completed in 2010 and expand the supply of food in different places of the capital city and the countryside. While the Super 99 plans to build four new branches within the next two years, the King Group prepares to build five branches, mostly in the capital. Friday, January 16, 2009
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THE KING AND THE SUPER 99
Despite the global economic crisis, the Super 99 and Rey Group, two leading supermarket chains in Panama, do not stop their expansion plans. Both giants finishing touches to start the construction of nine additional branches, which must be completed in 2010 and expand the supply of food in different places of the capital city and the countryside. While the Super 99 plans to build four new branches within the next two years, the King Group prepares to build five branches, mostly in the capital.
Super 99 Despite the global economic crisis, the Super 99 and Rey Group, two leading supermarket chains in Panama, do not stop their expansion plans. Both giants finishing touches to start the construction of nine additional branches, which must be completed in 2010 and expand the supply of food in different places of the capital city and the countryside. While the Super 99 plans to build four new branches within the next two years, the King Group prepares to build five branches, mostly in the capital. inside
With 35 Super 99 and two Mega Depot, chain owned by businessman and presidential candidate, Ricardo Martienelli, is one company that has the largest number of supermarkets in the country, but despite this progress in its plans to open new stores in 2010 in Coronado Mall, Vacamonte, Valle Arraiján and beautiful in Boquete, according to Luis Enrique Martinelli, director of the importer Ricamar, SA Although Martinelli believes that the global crisis will affect the sale of food and all the retail in Panama, believes that the Super 99 will fit in sales growth over the coming years.
"We are very optimistic and continue to invest in new facilities, new technologies and human resources, "said the businessman. The businessman explained that to realize this expansion Ricamar Importer, SA will invest about $ 15 million and that once the new premises are in operation will enable them to generate a total of 500 direct jobs. Taken
Financial Capital
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