The first discount supermarket of Greek retailer AB Vassilopoulos of The Delhaize Group will be opened in 2011, under the “Red Market” brand. Earlier this year ALDI had announced market exit from Greece.
The development of the new discount brand of Greek retailer AB Vassilopoulos Market will start in 2011. The group now has two pilot stores under the name “Lion Food Stores”. The opening of the first Red Market supermarket will be by the end of the year.
AB Vassilopoulos is interested for its future development regarding Aldi Group supermarkets, which is leaving Greece in December. The group which has invested 29 million euros and opened four new stores in the first half of 2010, plans to expand its network with six to eight new locations by the end of the year which include duty free outlets.
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