DIY specialist Hornbach is to ramp up the pace of its expansion. In the current and next financial year, 15 new stores are to be built, most of which will be outside Germany in new markets such as Slovakia, Switzerland and Sweden. The retailer’s medium-term goal is to increase the share of international business to more than 50%, up from the current 4%, said chief executive Albrecht Hornbach. The retailer does not intend to expand through acquisitions as “organic growth is preferable”.

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