Mercator Serbia

Mercator Serbia (Serbian: Меркатор Србија, romanized: Merkator Srbija) also known as Mercator-S, is a Serbian supermarket chain and a part of Mercator Group, an international retail chain based in Slovenia. As of 2016, it holds a 15.98% market share in Serbia.[5]

Mercator Serbia
Native name
Меркатор Србија
Typed.o.o.
IndustryRetail
Founded2002 (2002) (Current form)
5 February 1993 (1993-02-05) (Founded)
Headquarters
Temerinski put 50, Novi Sad
,
Serbia
Number of locations
321 retail stores (as of 2018)[1]
Area served
Serbia
Key people
Entoni Sošić (Director)
BrandsMercator
Idea
Roda
ServicesDiscount stores, hypermarket, supercenter, supermarket, superstore, other specialty
RevenueDecrease €711.34 million (2018)[2]
Positive decrease (€14.06 million) (2018)[2]
Total assetsDecrease €457.47 million (2018)[3]
Total equityDecrease €101.32 million (2018)[3]
OwnerMercator (100%)
Number of employees
8,124 (2018)
Websitewww.mercator.rs
Footnotes / references
Business ID: 06886671
Tax ID: 101670560 [4]

History

The company was established in 2002 when the first Mercator Center Belgrade was opened in New Belgrade.[6] The 50,000 square meter Center underwent a complete renovation and was re-opened in 2012.[7]

In October 2006, Mercator acquired 76% of Rodić M&B company for 116 million euros, becoming the major shareholder in Roda Supermarkets. The full ownership takeover of this company was completed in 2009.[8]

In June 2013, the Croatian Agrokor Group initiated[9] the takeover of Mercator Group,[10] which was completed in June 2014. They then began integrating their operations in Serbia under the Mercator brand,[11] which included Mercator Centers, Roda Megamarkets, and Idea supermarkets. The takeover was approved by the Serbian Commission for the Protection of Competition in December 2013.[12]

In December 2017, the Serbian holding company MPC Holding purchased Mercator Center Belgrade from Mercator Serbia for a sum of 46 million euros.[13] As of December 31, 2018, Mercator operates 321 retail stores in Serbia, including 241 Idea markets, 35 Idea supermarkets, 30 Roda markets, 6 Roda megamarkets, and two Mercator hypermarkets.[1]

In August 2019, the Mercator Group initiated the process of selling an additional 12 supermarkets across the former Yugoslavia region in order to reduce debts. Among the listed markets for sale, two of them are owned by Mercator Serbia.[14]

  • Mercator Center in Novi Sad
    Mercator Center in Novi Sad
  • Mercator Center Belgrade in New Belgrade
    Mercator Center Belgrade in New Belgrade
  • Idea supermarket in New Belgrade
    Idea supermarket in New Belgrade
  • Roda Center in New Belgrade
    Roda Center in New Belgrade
  • Roda megamarket in New Belgrade
    Roda megamarket in New Belgrade

See also

References
  1. "Mercator Group Annual Report 2018" (PDF). mercatorgroup.si. Retrieved 29 September 2019.
  2. "Bilans uspeha (2018) - Mercator-S". apr.gov.rs (in Serbian). Retrieved 5 August 2019.
  3. "Bilans stanja (2018) - Mercator-S". apr.gov.rs (in Serbian). Retrieved 5 August 2019.
  4. "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 28 February 2018.
  5. "Analiza tržišta maloprodaje 2018" (PDF). kzk.gov.rs (in Serbian). Belgrade: Komisija za zaštitu konkurencije Republike Srbije. pp. PDF. Retrieved 9 October 2018.
  6. "Slovenian leading retailer to open store in Belgrade". Archived from the original on 2015-12-08. Retrieved 2015-12-05.
  7. "Serbia's Mercator-S to Invest 12 MLN Euro in Belgrade Shopping Center Overhaul - SeeNews the corporate wire". Archived from the original on 2015-12-08. Retrieved 2015-12-05.
  8. "Mercator buys 76 percent of Rodić".
  9. "Croatia's Agrokor to Pay EU240 Million for Mercator Stake". Bloomberg.com. 14 June 2013.
  10. "Agrokor to Buy Mercator in Largest Takeover in Balkans". Bloomberg.com. 26 June 2014.
  11. "Mercator to run Agrokor's retail business in Serbia, Konzum gets Croatia, Bosnia - SeeNews the corporate wire". Archived from the original on 2015-12-08. Retrieved 2015-12-05.
  12. "Agrokor allowed to take over Mercator if it sells 21 stores in Serbia".
  13. "Srbin kupio TC "Merkator" za 46 miliona evra". novosti.rs (in Serbian). 19 December 2017. Retrieved 7 March 2018.
  14. "Merkator prodaje 13 tržnih centara u eks-Ju zemljama". b92.net (in Serbian). Tanjug. 9 August 2019. Retrieved 9 August 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.