Aldi to postpone entry into Hungarian market
Thursday, March 2, 2006, 10:20
German discount retailer Aldi modified its plans and decided to postpone its entry to the Hungarian market until 2008, daily Népszabadság reported. Aldi set up its Hungarian subsidiary Aldi Hungary Holding Asset Management Kft in December 2005, and the first stores were to open in 2007. Aldi is said to have already purchased 30-40 plots all over the country, but the retailer may be considering more acquisitions in order to get enough stores for a successful entry, the paper said. The company plans to build a 60,000 sqm logistics center near Biatorbágy, central Hungary, as well as four or five warehouses around the country.