Jumbo, a large Greek company, is planning to grow internationally. It wants to open stores in Turkey and Canada. This is a big step for the company. The goal is to find new customers and make more money. Jumbo wants to grow by opening its own stores and keeping costs low.
Jumbo plans to open stores in Turkey in the next few years. It will own these stores completely. This shows they want to reach many new shoppers. Jumbo also plans to open stores in Canada. The first three Canadian stores will open in Ontario by 2026. These stores will be run by a partner called Fox Group. This partnership will help Jumbo learn how to open stores in other countries.
A key part of Jumbo's plan is to control its costs. The company now owns most of its buildings. This means they pay less for rent. This will help the company make more profit in the future. Jumbo has also lowered prices in Greece. They did this because they think prices are going down in the country.
Recently, a bank called Citi lowered its opinion of Jumbo's stock. They are worried about more competition. However, the boss of Jumbo, Apostolos Vakakis, is not worried. He says a competitor is not a big problem. He believes the company's success should be judged by its money, not by what people think.
Shareholders will receive a large payment. They will get €67.18 million in total. This is €0.50 for each share. The payment starts on March 30, 2026. Many shareholders agreed with the company's plans. Jumbo already has stores in countries like Bulgaria and Romania. The company wants to grow by opening new stores, not by buying other companies.