Dutch supermarket chain Jumbo is struggling in Belgium: the group has had to put another twenty million euros into the loss-making branch. Analysts wonder how long the Dutch retailer will keep up its Belgian plans.
Second aid package
This is already the second time shareholders have come to the rescue, Belgian newspaper De Tijd reports: in November 2021, the Belgian branch had already received 25 million euros in support. Last financial year, the chain suffered an operating loss of 5.5 million euros in Belgium, on a turnover of 108.5 million. Before the previous injection of capital, the division had a negative equity of 11 million.
