SPAR makes ambitious entry into Greece | RetailDetail

Spar makes ambitious entry into Greece

Spar makes ambitious entry into Greece

Spar International has set its sights on Greece as the next country to conquer and lead as the foremost independent food retail chain. Spar Hellas will cooperate with Asteras and Mesis to develop more than 500 Spar stores over the next four years.

 

Spar Hellas

Spar International has announced that it will continue its worldwide expansion with an entry on the Greek market of independent food supermarkets. As Spar Hellas, the food retail chain hopes to establish itself as the "most modern cooperative network of independent retail stores in the country", says CEO Fivos Karakitsos.

 

The first ten Greek Spar stores are due to open by July; eighty stores will be operational by the end of 2018. Within a mere four years, more than 500 Spar stores should adorn the Greek food retail landscape, 200 of which are currently part of the Asteras association. In a co-operation with the Mesis chain, most of the Asteras stores will be converted to Spar branches, combining the independent Greek retailers' knowledge with the Spar brand philosophy.

 

Greece is the most recent target market in which Spar International hopes to establish itself: only last year, the Dutch food retail chain announced its entry in Cyprus and Belarus. As "the world’s largest food retail voluntary chain", Spar International owns over 12,500 stores worldwide and reported global retail sales of € 33.1 billion in 2016.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

EU votes for better organic label legislation

20/04/2018

European Parliament adopted a bill to regulate the organic industry: things will be stricter, but also fairer and clearer. An organic label and importation legislation should help promote Europe’s local organic manufacturing companies.

Heineken and Bavaria seek fortune outside of Europe

19/04/2018

Even though the European beer market continues to struggle, Dutch brewery groups Heineken and Bavaria have published growing turnovers. Bavaria set a record turnover, Heineken raised its turnover 4.3 % in the past quarter.

Danone boasts strongest like-for-like turnover increase in past five years

19/04/2018

French food giant Danone’s first quarter was an impressive one: like-for-like turnover grew 4.9 %, its best performance in the past five years.

Weak dollar has negative impact on Unilever

19/04/2018

Unilever has seen its first quarter turnover drop more than 5 % because of negative exchange rate fluctuations. Excluding that impact, the food and care product manufacturer’s turnover would have grown 3.4 %.

End in sight for price dispute between Nestlé and Colruyt, Edeka and Intermarché?

17/04/2018

ColruytEdeka and Intermarché are approaching a deal in their price dispute with Nestlé. The Swiss food manufacturer will make concessions in a new proposal as the retailers’ supplies are dwindling.

Carrefour and E.Leclerc start arms race for urban pick-up locations

17/04/2018

The French e-commerce market has seemingly opened up a new area of competition: Carrefour and E.Leclerc have both opened so-called “drives piéton”, pick-up locations for pedestrians in urban centers.