The Latvian Competition Council (KP) recently conducted procedural activities at the headquarters of 'Maxima Latvija' in Riga. The company's representatives expressed that KP officials were present at their main office, where 'Maxima Latvija' cooperated fully, providing all requested information. However, specific details regarding the nature of these activities were not disclosed by KP, indicating a possibility of ongoing investigations or assessments.

In its statement, KP mentioned that they would provide more comprehensive comments regarding the situation on February 26. This timing suggests that the outcome of the investigation or the findings from their actions might be communicated to the public shortly. During the last fiscal year, 'Maxima Latvija' reported a turnover of 1.102 billion euros, reflecting a 2.6% increase compared to the previous year, although their profits declined by 10.2% to 50.775 million euros, highlighting a challenging market environment for the retailer.

Founded in November 2000, 'Maxima Latvija' is owned by Lithuanian companies 'Maxima grupe' and 'Maxima LT'. The group operates under the control of Nerijus Numavicius, a notable figure in the Lithuanian retail sector. The current actions by the Competition Council might imply scrutiny of competition practices within the retail sector, potentially impacting how 'Maxima' operates in Latvia, especially considering its significant market presence in the region.