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It is the second largest retail company in the world in terms of its sales and revenues after wal-mart. The company's first store was opened on June 3, 1953.
Presently the company has its own presence in 29 countries of the world. It is one of the leaders in the super market of Europe today.
The total number of stores of the company as end of March 2006 has reached 6,987 worldwide.
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