Konzum acquired Kozmo

KOZMO ulaz.jpg

The Croatian Competition Agency allowed Konzum to acquire 100% of shares of cosmetics and household products retail chain Kozmo. This represents a new phase and a new step forward for Konzum after the takeover and integration of Mercator stores in Croatia.

The plan is to invest in development and renewal of the retail network since Kozmo is a part of a market segment interesting for Konzum and many synergies are possible. Konzum will create new added value and increase competitiveness in order to achieve long term sustainability and further development. The first Kozmo store was opened in July 2005 in Zagreb while today Kozmo’s sales network consists of 76 retail stores and has over 400 employees.