JUMBO announces the signing of an agreement with the BALFIN Group for the development of the JUMBO brand in six new markets: Ukraine, Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan. BALFIN Group will establish a central logistics hub in China to serve the expanded network. 

The new agreement builds on the partnership's existing footprint in Albania, Kosovo, Bosnia and Herzegovina, Montenegro and Moldova (opening this year). 

The expansion in the new markets marks a fundamental evolution in the operating model between the two partners. In the existing markets of Albania, Kosovo, Bosnia and Herzegovina, Montenegro and Moldova, inventory management and logistics are supported primarily through Jumbo's logistics operations in Greece. Under the new agreement, BALFIN  will build its own end-to-end logistics network and independently manage the entire supply chain for the new territories, from sourcing in China through to warehousing, transportation and last-mile distribution in the Caucasus, Ukraine, Kazakhstan and Uzbekistan.

Overall, through franchise partnerships, the JUMBO Group has a presence with 46 stores bearing its brand in seven countries: Albania, Kosovo, Serbia, North Macedonia, Bosnia and Herzegovina, Montenegro and Israel.

Organic growth remains a primary strategic objective for the JUMBO Group. By the end of October, the Group’s new store in the city of Baia Mare, Romania, is expected to commence operations.

Today, the JUMBO Group operates 89 physical stores, of which 53 are in Greece, 6 in Cyprus, 10 in Bulgaria and 20 in Romania, while also operating e-commerce stores (e-jumbo) in all countries where it is active.

The Jumbo Group’s strong balance sheet, zero bank debt and high liquidity constitute key pillars of its strategy, enabling consistent organic growth and the gradual strengthening of its presence as a solid regional player.