Bingo (''full name: Bingo export-import Tuzla d.o.o.'') is a Bosnian

supermarket A supermarket is a self-service Retail#Types of outlets, shop offering a wide variety of food, Drink, beverages and Household goods, household products, organized into sections. This kind of store is larger and has a wider selection than earli ...

chain with headquarters in

Tuzla Tuzla (, ) is the third-largest city of Bosnia and Herzegovina and the administrative center of Tuzla Canton of the Federation of Bosnia and Herzegovina. As of 2013, it has a population of 110,979 inhabitants. Tuzla is the economic, cultural, ed ...

Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and H ...

History

Bingo was established in 1993 by Bosnian businessman Senad Džambić with headquarters in

. Džambić, the sixth child of a miner and an electrician by trade, had started some small-scale business in the 1980s: “Before the war, two brothers and I had some 120 beehives on a bus and could produce up to 30 tons of honey a year. In the nineties I worked in a mine, I also owned billiards, pinball machines and poker machines, since 1985 I have been doing that and a company was formed. Bingo comes from that time. Let's earn something, invest immediately". In 2010, Bingo received an

EBRD The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially foc ...

loan to support

energy efficiency Energy efficiency may refer to: * Energy efficiency (physics), the ratio between the useful output and input of an energy conversion process ** Electrical efficiency, useful power output per electrical power consumed ** Mechanical efficiency, a ra ...

- the first of many other loans from European development banks. In 2014, Bingo became the biggest domestic retail company in Bosnia and Herzegovina by acquiring companies Interex BiH and Tuš Trade BiH. Turnover in 2014 was higher than 500 million BAM. In 2015, Bingo had 175 stores open in Bosnia and Herzegovina and more than 5,500 employees. The same year, Džambić (with a revenue of 258.9 million euros) was ranked by

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

as the second-richest man in Bosnia and Herzegovina after Izudin Ahmetlić, owner of the Hifa Group. After the collapse of Croatia's

Agrokor Agrokor () was a conglomerate, largely centered in agribusiness, with headquarters in Zagreb, Croatia. Founded in 1976 as a flower grower, it became a joint stock company in 1989, with 100 percent ownership held by founder Ivica Todorić. It grea ...

holding, Džambić bought several of its subsidiary companies in Bosnia and Herzegovina. He also bought Tuzla's ''Majevica'' snack factory. In 2017, Bingo became the largest supermarket chain in Bosnia and Herzegovina after the split between

Konzum Konzum plus d.o.o. is the leading supermarket chain in Croatia, with a tradition of 65 years. The company employs more than 10,000 people, and in Croatia has more than 600 stores in over 300 cities in the continental and coastal region. More than ...

and

Mercator __NOTOC__ Mercator (Latin for "merchant") may refer to: People * Marius Mercator (c. 390–451), a Catholic ecclesiastical writer * Arnold Mercator, a 16th-century cartographer * Gerardus Mercator, a 16th-century cartographer ** Mercator 1569 ...

in Bosnia and Herzegovina. The same year, Džambić bought Tuzla's Dita factory, which had been self-managed by employees since the bankruptcy in 2014. In 2018, Džambić rescued the company Tuzlanski kiseljak d.o.o. which was owned by Pivara Tuzla. On 2 December 2022, Bingo opened its 224th store.

References

{{reflist Supermarkets of Bosnia and Herzegovina< Retail companies established in 1993 1993 establishments in Bosnia and Herzegovina

History

See also

References