STAR purchases Fresh
Negotiations over the purchase of Fresh supermarkets on the part of STAR trade networks are over. The sides have already reached a final agreement, but the deal has to be confirmed by the RA State Commission for Protection of Economic Competition before any document is signed in this stage.
"The purchase of Fresh supermarkets on the part of STAR will provide an opportunity to increase sales, as well as reduce logistics, distribution and administrative expenses and reach desired efficiency, that is, 15-20 percent reduction of expenses in a new, unified network," executive director of STAR trade network Vahan Kerobyan mentioned.
It is assumed that documentation will end in a month and will be followed by the stage of developing strategic programs for advancement. The company will soon hold a press conference to release the details regarding the deal and the company's plans for advancement.
STAR trade network currently holds 18 supermarkets, of which 17 are located in Yerevan and one is in Hrazdan. Fresh Supermarkets chain includes 4 Fresh supermarkets and 3 Catherine stores in Yerevan, reported by STAR press service.
