Mosqueteiros to invest €240 million to 2029

 In Companies, Food distribution, News, Retail

Os Mosqueteiros, which owns food retail outlets Intermarché, the DIY, building materials and tools retailer Bricomarché, and the Roady auto centres, is to invest around €240 million to 2029 on a substantial store expansion plan.

The group, which operates in four markets, France, Poland and Belgium, says it will open 15 stores a year according to the group’s president in Portugal, Pedro Subtil in an interview with the business news title Negócios.

In its medium-term plan the group will create around 3,000 direct jobs over the next six years as a result of the expansion.

Os Mosqueteiros is currently operating in two-thirds of districts in Portugal but intends to continue expanding, particularly to areas where hitherto it has not had a presence.

The expansion will start with the opening of two new stores — an Intermarché and Bricomarché – in Faro in the summer.

Os Mosqueteiros closed 2023 with a total of 357 stores (265 Intermarché, 56 Bricomarché, and 36 Roady) — up 10 on the previous year in an investment of €41.5 million and a turnover increase of 8%.

The stores are managed on a franchise model by 287 independent entrepreneurs, have a total sales area of 500,000 square metres, and employ over 14,500 (Up 350 staff on 2022).

Os Mosqueteiros increased business turnover by 7.8% last year to €€2.9Bn with Portugal representing around 7% of the group’s business.

In 1989, a group of independent entrepreneurs interested in the possibility of expanding the Intermarché food distribution chain to Portugal created ‘Os Mosqueteiros’ (The Musketeers).

In 1991 they opened the first store and the group has been a success story in Portugal ever since.