Prisma considering merging with competitors to expand in Estonia

R etail chain Prisma Peremarket AS wants to double the number of its stores in Estonia in the next five years and has not ruled out merging with another retail chain, informs LETA/BNS.

"Prisma's goal is to become a leader on the Estonian market and the biggest retail chain of food and commodities," CEO ofPrismaJussi Nummelintold BNS. "In the next five years we are to double the number of our stores. At present it is still early to say where and when we will open the new stores. These will definitely be supermarket-type stores," he added - writes baltic-course.com.

One of the options for increasing the number of its stores is to buy or merge with another retail chain. "We are open to such an opportunity, but at present it is still early to say something concrete. We are also open to cooperation with retail developers," Nummelin said.

The plan of Lidl to expand to Estonia has also had an impact onPrisma's plans. "I know from Finland's as well as Lithuania's experience what Lidl entering the market means," he said, adding thatPrismawill observe the situation but will still mainly focus on developing its own operations and offering better service to its customers.

Prisma PeremarketAS is the Estonian operation ofPrisma.

Read more news of Tallinn on our site.

baltic-course.com
Estonia PrismaPeremarketAS
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
2 views in december
I recommend
No recommendations yet

Comments

Post your comment to communicate and discuss this article.

Society
At the Riigikogu sitting beginning at 10:00 EET on Tuesday, Prime Minister Jüri Ratas (Centre) will provide an overview of the activities of the Estonian government in the implementation of EU policies. Chairman of the European Union Affairs Committee of the Riigikogu Toomas Vitsut (Centre) will also deliver a report, and representatives of the Riigikogu's parliamentary groups will present their positions, according to a Riigikogu press release. In his rep...
Society
Chairman of the opposition Conservative People's Party of Estonia (EKRE) Mart Helme has called on Helir-Valdor Seeder, chairman of junior coalition member Pro Patria to tie the latter's support for the state budget bill to a decision by the government not to support joining the UN Global Compact on Migration. "Pro Patria still has the chance to demand from its coalition partners [the Center Party and the Social Democratic Party (SDE)] that its stances be t...
Society
Political news portal Politico published its list of the most influential people in Europe next year last week, with fifth place going to Estonia’s cybersecurity ambassador Heli Tiirmaa-Klaar. Tiirmaa-Klaar takes her place in between well-known Europeans, after Secretary General of the European Commission Martin Selmayr and in front of Ukrainian presidential hopeful Yulia Tymoshenko. Politico believes Italy’s populist interior minister Matteo Salvini will...
Society
Representatives of the transport ministries of the Baltic states, Finland and Poland who met in Tallinn on Monday were of differing opinions regarding whether to remain in summer or winter time once the practice of changing the clocks twice per year comes to an end. A recent survey indicates that more than half of Estonians would prefer permanent summer time. Estonia, Latvia, Lithuania, Finland and Poland jointly acknowledged that the agreement to end the...
Society
Ida-Viru Central Hospital is having trouble with patients not showing up to scheduled specialist appointments. To combat this issue, beginning next year, the hospital will start charging visit fees for no-show appointments as well. Last year, patients at Ida-Viru Central Hospital failed to show up for scheduled appointments a total of nearly 9,500 times, accounting for some 5% of all hospital visits, reported ETV news broadcast Aktuaalne kaamera. "Patients...
Society
Tallinn city government finds that it is not reasonable to relocate the Tallinn Bus Station to the Ülemiste district near Tallinn Airport and that it should be left in its current location on Lastekodu Street. In connection with the preparation of an architectural idea competition and the drawing up of a detailed plan for the Ülemiste terminal in the framework of the Rail Baltic railway project, the city is drawing the attention of the Ministry of Economic...
Society
A criminal investigation has been launched into the Medita Clinic, one of the largest private sector bidders in public procurement tenders in the health sector in Estonia. The Northern District Prosecutor's Office initiated the investigation in accordance with the Penal Code section concerning the transmission of false information, according to ETV investigative show Pealtnägija. The Medita Clinic was the largest private provider of specialist medical care...
Society
The Tax and Customs Board (MTA) has signed an agreement with Online accommodation and hospitality marketplace Airbnb which enables hosts to automatically report earnings. The MTA and Airbnb held a joint press conference on Wednesday, announcing the agreement's signing as well as the new system and its rationale. The main premise, according to MTA deputy director Rivo Reitmann, is to keep things simple, meaning that Airbnb hosts who declare their income in...
Society
Luminor notified its clients that as of 1 January, the bank will be closing the accounts of Estonian e-residents that fail to fulfil due diligence. Hannes Oja, head of Anti-Money Laundering at Luminor Estonia, said that based on the Money Laundering and Terrorist Financing Prevention Act, banks are required to update the data of all of their customers, writes daily Eesti Päevaleht (EPL). As a result, all existing clients have to do so themselves on a regul...