The multicultural supermarket chain, Tanger Markt, is seeking to expand into the foreign market as soon as possible.
It is targeting several German cities, along with Brussels. The retailer has stated that this is just the start of their expansion plans.
The owner of the stores, Ahmed Barghaoul, confirmed that the group opened four stores in the Netherlands – one in Antwerp during the past five years, along with others in Den Haag, Utrecht, and a second one being planned to open in Amsterdam. His target is set at €100 million annual turnover, without the requirement for support from investors. Mr Barghaoul feels that it is easy to become addicted to debt quickly.
The supermarket is popular for the range of oriental products it has on offer, at very low prices. To maintain the lower costs, it purchases chicken, meat, fruit, vegetables, dairy and non-dairy food from suppliers as and when required.
22 MAY 2014, Germany