Auchan to stay in Hungary

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Tom Joyce

BY TOM JOYCE

@tomfruitnet

Auchan to stay in Hungary

The French retailer has revealed that it intends to stay in the Hungarian market despite the effects of the recession

Auchan to stay in Hungary

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French retailer Auchan has announced that it plans to stay put in the Hungarian market, seeing the potential for growth in the future, according to NamNews.

Jean Paul Filat, managing director of Auchan's local unit, said that he expected some retailers to leave the market as a result of the financial crisis and the small size of the Hungarian market.

However, he highlighted Auchan's conviction that, in spite of its size, the Hungarian market could see "a very attractive increase in consumption after the crisis".

Last year, the company recorded an increase in sales of 2.1 per cent in Hungary.

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