Mercator managers step down

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Carl Collen


Mercator managers step down

Slovenian grocer sees its five-strong management resign after clashes with the ownership

Mercator managers step down

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Reports in Slovenia have revealed that the five-member management of Slovenian retailer Mercator has resigned after disagreements with company owners.

According to Reuters, Mercator said the conflict had arisen because of a perceived lack of confidence in the management team.

"The reason for the resignation is a lack of confidence of the bigger owners (in the management)," spokesperson Mojca Briscik told the news agency.

Problems reportedly began last year, when the retailer's owners – including local banks and investment companies – clashed over the management's decision to block due diligence that would have allowed the sales of a majority share in the group to Croatian group Agrokor.

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