Ahold can buy Czech Spar stores | RetailDetail

Ahold can buy Czech Spar stores

Ahold can buy Czech Spar stores

The Czech Office of Fair Trading has given Ahold permission to buy the local Spar stores, but it will have to sell several stores first.

Country's largest

Ahold intends to buy the 50 Czech Spar stores for 5.25 billion Czech krona (191 million euro) and has received preliminary permission to do so as final approval will only be granted in the second half of 2014.


Ahold currently operates in the Czech Republic as its Albert brand and will have 330 stores if the 50 Spar stores are included, which would make it the country's largest supermarket chain.


Ahold has been active in the Czech Republic since 1991 and has gradually improved its performance these past few years. The 50 Czech Spar stores managed a 440 million turnover last year, but were still onerous. Nevertheless, Ahold is convinced it can make them profitable within 2 years.

Questions or comments? Please feel free to contact the editors

Suitcase brand Rimowa cancels every dealer contract


Suitcase brand Rimowa, part of luxury group LVMH, has stopped all of its dealer contracts. It will initiate a new procedure soon and only a fraction of the current dealers will get a new contract.

H&M disappoints once again


Swedish fashion chain Hennes & Mauritz had to present less than favourable results for its new fiscal year: investor trust has dwindled, now that sales in its home territory have also dropped for the first time in decades.

Bureau of Competition approves Yoox Net-a-Porter bid


The Italian Bureau of Competition has approved Swiss Richemont’s possible acquisition of Italian fashion webshop Yoox Net-a-Porter.The full bid, yet to be accepted, values the company at 2.7 billion euro.

Donatella Versace denounces fur


Italian fashion brand Versace will no longer use fur. Designer Donatella Versace no longer wants to kill animals for fashion, she explained in an interview with The Economist.

"Best year ever" for Danish shoe brand Ecco


Ecco can look back on 2017 as its best financial year ever. The Danish shoe brand, known for its “follow the foot” philosophy, exceeded its own expectations thanks to an 8 % growth.

Strong 2017 for Adidas


German sports brand Adidas achieved a 16 % turnover increase in 2017, if exchange rates had remained stable. Profit nearly grew a third and the company forecast a 10 % growth for 2018.

Back to top