Pepco continues European expansion with Bosnia and Herzegovina launch
Pepco Group, the owner of Poundland, Pepco and Dealz, will be opening its first Pepco store in Bosnia and Herzegovina as it continues its European expansion.
Due to launch in Sarajevo on 12 September, the new shop will be followed by further openings by the end of the year in locations such as Mostar, Livno, Gradačac, Kakanj, Čitluk and Lukavac.
Pepco Group said it is on track to open at least 550 net new stores in its current financial year, mainly through the Pepco brand. It is also currently expanding its Dealz brand in Poland.
Trevor Masters, chief executive of Pepco Group, said: “The opening of the first Pepco store in Bosnia and Herzegovina represents a milestone in the Group’s profitable store expansion programme – our biggest source of value creation. Pepco is well placed for future success, supported by its market-leading customer proposition as we focus on building a bigger, better, cheaper and simpler business.”
The news follows a successful debt refinancing by Pepco with its inaugural bond issue of €375 million in June. The group now operates in 21 territories across Europe, with Pepco stores in 19 countries.
