Latvia's Depo DIY opend 1st store in Lithuania
2016-11-26, 10:39
Published in
Economy
BFL / Andrius Ufartas
Latvia's building materials and household goods chain Depo has opened its first store in Klaipeda, making it the first store in Lithuania. According to informal reports, investments in the store totaled about 15 mln euros (excluding VAT). The Latvian chain, which has not published any official information about the opening, plans expansion in other cities of Lithuania: two stores in Vilnius and Kaunas each, as well as a store in Panevezys. Two of the stores (in Vilnius and Panevezys) should be opened in 2017. Three large chains of building materials, Senukai, Moki-Vezi and Ermitazas, already operate in Lithuania. In Lithuania, Depo DIY operates company Depo DIY LT. Its chain in Latvia includes nine stores.
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