SPAR identifies India as a potential market for expansion

By agencies   |   Wednesday, 23 March 2005, 08:00 Hrs
Printer Print Email Email
MUMBAI: SPAR International, the worldÂ’s largest association of voluntary retail food stores has identified India as the biggest growing destination in the coming years, SPAR managing director Gordon R. Campbell said.

He said SPAR would drive growth in India through utilization of its unique cooperative model that has seen success across 15,000 SPAR stores in 34 countries.

With a global turnover of Euro 26.8 billion in 2003, SPAR began its Indian foray with the launch of its first store in Mumbai in December last year.

Campbell said, "I am excited with the success of the development of SPAR in the Mumbai region, whilst aiding and facilitating in the development and transition to a modern distribution system."

He added, "SPAR International has successfully supported independent retailers in Europe in competing against the multiple retailers and international chains for over 70 years. The SPAR partnership model has been successfully introduced in Eastern Europe and Africa. We are committed to supporting independent retailers to achieve best practice in international retailing, thereby enabling them to grow and develop. Our multi-format retail strategy enables us to tailor retail propositions to match individual locations and consumer needs."

SPOTLIGHT
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..