Baltic retail giant Maxima Grupė reports 13% increase in revenues to €5.845 billion

LONDON: Maxima Grupė, the retail giant in the Baltic States, has announced its consolidated financial results for 2023, showcasing significant growth despite the economic headwinds affecting its markets. The Group, which operates well-known retail chains across Lithuania, Latvia, Estonia, Poland, and Bulgaria, and the e-commerce platform Barbora in the Baltic States, has reported a consolidated…

Maxima Grupė’s grocery chain Stokrotka buys 9 stores in Poland

WARSAW, POLAND: Polish retail grocery chain Stokrotka has signed an agreement to take over 9 grocery stores that are operating in Poland in the region close to Warsaw. The transaction is planned to be completed until the end of 2021, subject to certain conditions to be fulfilled according to the agreement, including unconditional antitrust approval.…