date:Jan 28, 2014
Germany's second largest retailer, the Rewe Group, has revealed that it plans to invest 1.6 billion throughout its network of stores this year.
The company, which employs of 300,000 people, hopes to expand and modernise its sites with its largest ever cash injection.
Overall, we expect to invest 1.6 billion in the expansion and modernisation of our network of shops at home and abroad. Possible acquisitions will be financed separately, said CEO of Rewe Alain Caparros in an interview with the G