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2 clusters · 4 sources · 14 days · First seen · Last updated

Fortenova Group retail restructuring

Overview

The Fortenova Group is implementing significant structural changes across its retail operations in Slovenia and Croatia. Initially, the group focused on asset divestment and corporate restructuring, including the sale of Mercator’s real estate holdings in Slovenia and the spin-off of its wholesale division into Mercator Cash&Carry.

These reorganization efforts have led to substantial workforce reductions. Over a one-year period, the combined workforce of Mercator and Konzum decreased by approximately 2,000 employees. In Slovenia, Mercator’s staff fell by 13.7 percent following the closure of various retail and wholesale units, a shift that resulted in the company losing its status as the nation’s largest retailer to Spar. In Croatia, Konzum saw a workforce reduction of approximately 9.26 percent, representing nearly 1,000 employees.

Entities

Fortenova Group · Mercator · M Tehnika · Livnica Visoko · Adnan Smailbegović

Timeline

  1. [BUSINESS] 2 sources
    Fortenova Group retailers Mercator and Konzum reduce workforce by 2,000

    Retailers Mercator and Konzum, owned by Fortenova Group, reduced their combined workforce by nearly 2,000 employees during a period of business reorganization and store closures.

  2. [BUSINESS] 2 sources
    Mercator and Livnica Visoko undergo major corporate restructuring

    Mercator is selling real estate across Slovenia as part of a strategic exit by Fortenova Group, while Livnica Visoko in Bosnia prepares to exit the stock market following a takeover by Adnan Smailbegović.

Sources

6yka.com · depo.ba · maribor24.si · zenicablog.com