News:Argos:Top Croatia retailers join forces to cut prices

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Three major food retailers in Croatia have formed a joint company, aiming to become more competitive in the country where consumer spending remains solid despite inflation, their top executives said on Wednesday.

Slovenia's Mercator (MELR.LJ: Quote, Profile, Research, Stock Buzz), Croatia's Plodine and Billa, an Austrian unit of Germany's second-largest food retailer REWE Group, have agreed to create a joint company with a coordinated approach to food suppliers.




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