Issue 67 - 9th February, 2012
Dutch food retail major Spar to tap Indian market Dutch food retail major Spar, plans to tap the Indian market through tie-ups with partners for its supermarket and hypermarket stores. The major already has 10 operational stores in India with the Dubai-based Landmark Group involving an investment of Euro 70 million but it now plans to explore new partnerships especially in the eastern and southern regions of India. Most of the current stores are profitable and 20 new sites are being actively considered. The partnerships will be for both large supermarket stores of around 1,000 square meters and the standard range of hypermarket stores which occupy retail space between 3,000 square meters and 7,000 square meters. The company is confident of replicating in India the success of a similar business model implemented in Russia and China.
Post A Comment 
