Elvi to invest around two million euros in new store in Ugāle
Retail chain Elvi plans to invest roughly two million euros in building a new store in Ugāle, Ventspils municipality, its franchisor SIA Elvi Latvija has announced.
Latvian retail chain Elvi is preparing to expand its store network with a new location in Ugāle, a town in Ventspils municipality. The announcement was made by SIA Elvi Latvija, the company that operates as the Elvi franchisor in Latvia.
According to the information provided, the construction and setup of the new store is expected to require an investment of approximately two million euros. The move suggests that Elvi is continuing to expand its presence beyond major cities into smaller towns, where residents may currently have more limited access to modern retail infrastructure.
The source report did not specify a timeline for the store's opening or its planned size.
