Colruyt’s Struggle with Inflation: CEO Jef Colruyt’s Response

In recent years, Colruyt has had an increasingly difficult time. Today CFO Stefaan Vandamme announced that inflation has cost them 165 million euros. Inflation fueled by the Russian invasion of Ukraine also posed a new challenge for the retailer, which followed shortly after the corona crisis. “That has challenged us in terms of cost management, so we had to take a lot of initiatives and decisions in the last year,” says CEO Jef Colruyt.