Masymas buys out Murcia-based supermarket chain

0

JUAN Fornes Fornes SA, the Pedreguer-based company that own Masymas and Fornes by Masymas have recently purchased supermarket chain Murcia Fresh Market.

The purchase means the three Murcia Fresh Market supermarkets – two in Murcia and one in Alicante – have been rebranded as Masymas. These supermarkets occupy a total area of 4,855 square metres and invoice approximately €10million per annum.

The 58 employees across the three supermarkets are now employees of Masymas.

The purchase means an increase in Masymas’ presence in Murcia, where it now has eight supermarkets.

In 2016, Masymas’ sales increased by 3 per cent and it closed the year with a turnover of €275million, up €10million in comparison to 2015. These results confirm Masymas’ position as third ranked in the Valencian chain of supermarkets.

Celebrating its 35th anniversary this year, Juan Fornes Fornes SA now operate 129 establishments, 127 of which are operated as Masymas, with the other two under its new, slightly more urban sister-brand of Fornes by Masymas.

On its website, Juan Fornes Fornes SA puts its evolution down to a ‘close, familiar and human management that has made our stores a reference for the daily purchase of thousands of people from large cities, medium towns and small towns’.

© No part of this web site may be reproduced without written permission from the publishers. All rights reserved. Todos los derechos reservados.


LEAVE A COMMENT

Please enter your comment!
Please enter your name here