TUS: Idea takes us over

People at Tus Holding confirmed on Thursday that all six stores in Serbia would be taken over by the company Idea.

According to the company's statement, they have made this strategic move with the aim of optimizing their activities on a long-term basis and, thus, fulfilled one of the most important parts of the planned development strategy of Tus Holding.

Rationalization in the market of Serbia is a strategic decision that people at Tus made with the aim of enabling a long-term stabilization of their core activity.

- The decision on the bid for the takeover of stores in Serbia was, in today's economic situation, one of important moves in our development strategy for the period prior to 2015 - people at Tus Holding explained. Stores will be taken over by the company Iea, which will also take over workers at these stores.

According to the statement, Tus Holding planned to record a revenue of 830 million euros last year and it succeeded in that. At the time of a difficult economic situation, not only did they achieve their set goals, but they also increased revenues by over 11 million euros when compared to the year 2009, which put that company again among top companies in Slovenia.

The company's business plan for the period prior to 2015 envisages the optimization of Tus Holding's operations, further development of the network of synergies, with the aim of improving competitiveness and the price affordability of their offer, as well as intensive care for the preservation of business stability.