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Italy’s Gruppo Selex Targeting More Than €20bn Turnover In 2024 

Italian retailer Gruppo Selex has said that it is targeting a turnover of €20.4 billion in its 2024 financial year, representing a 4.5% increase, following what it described as a ‘positive and dynamic’ 2023.

In its 2023 financial year, the group reported a 9.3% increase in sales, with turnover of €19.9 billion.

The group said that its performance was driven by its ability to ‘contain price increases without lowering the quality of its offer’, in a high inflationary environment.

Gruppo Selex, which operates a myriad of banners across Italy, including the Famila brand, saw its market share rise above 15% this year – hitting a high of 15.1% in June, while its private label ranges reported a 17.3% increase in sales.

Link: https://www.esmmagazine.com/retail/italys-gruppo-selex-targeting-more-than-e20bn-turnover-in-2024-255211

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