Announcement
Jumbo Group is a supranational group of companies, operating its own network of stores, which today count 80 stores in total, in 4 countries. 52 stores operate in Greece, 5 in Cyprus, 9 in Bulgaria and 14 in Romania. Moreover, the online store www.e-jumbo.gr operates in Greece. In June 2020 the online store became available also in Cyprus. The company's strategy is the expansion of its network in the countries where it already operates, as well as to countries that are members of the European Union in the Balkan region.
In relation to countries which are not members of the European Union, the Group, through collaboration agreements, has a presence with 26 stores operating under the JUMBO brand, in six countries: Albania, North Macedonia, Bosnia, Montenegro, Kosovo and Serbia.
On 24.07.2020 Jumbo entered into a commercial collaboration agreement with Fox Group, which is a leader in the retail sector in Israel, listed on the Tel Aviv Stock Exchange, with 9 brands of its own and 11 franchise partnerships with companies with an international presence in the retail market. The agreement gives it the exclusive right to open new stores in Israel, which will operate under the “Jumbo” brand and will trade our Group products. Given that Fox Group will have to succeed in resolving various local issues in order to subsequently implement the agreement, the first store is expected to become operational by the end of the year 2022.
In relation to countries which are not members of the European Union, the Group, through collaboration agreements, has a presence with 26 stores operating under the JUMBO brand, in six countries: Albania, North Macedonia, Bosnia, Montenegro, Kosovo and Serbia.
On 24.07.2020 Jumbo entered into a commercial collaboration agreement with Fox Group, which is a leader in the retail sector in Israel, listed on the Tel Aviv Stock Exchange, with 9 brands of its own and 11 franchise partnerships with companies with an international presence in the retail market. The agreement gives it the exclusive right to open new stores in Israel, which will operate under the “Jumbo” brand and will trade our Group products. Given that Fox Group will have to succeed in resolving various local issues in order to subsequently implement the agreement, the first store is expected to become operational by the end of the year 2022.