Global food retail chain Spar forays into India
Global food retail chain Spar started its Indian opeartions on Friday inaugrating the company's first supermarket at Hyderabad.
By PTI |
NEW DELHI: Global food retail chain Spar started its Indian opeartions on Friday inaugrating the company's first supermarket at Hyderabad.
The company has entered the Indian market under a licence agreement with global retail major Landmark Group's Indian subsidiary Max Hypermarkets, a release here said.
Under the agreement, Max Hypermarkets will be responsible for the entire business operation- from capex outlay to day-to-day operations including the management of the supermarket, while Spar would provide knowledge transfer and technical expertise, it added.
The 20,000 sq ft supermarket at Hyderabad offer products under categories like grocery, fruits and vegetables, bakery, dairy and take away foods, meat, poultry and fish, wine.
It will also stock beer, tobacco, home textiles, personal care, crockery, kitchen appliances, travel and IT accessories, including imported items from Europe and South East Asia. Spar runs a series of supermarkets across 35 countries in four continents, the release added.
The company has entered the Indian market under a licence agreement with global retail major Landmark Group's Indian subsidiary Max Hypermarkets, a release here said.
Under the agreement, Max Hypermarkets will be responsible for the entire business operation- from capex outlay to day-to-day operations including the management of the supermarket, while Spar would provide knowledge transfer and technical expertise, it added.
The 20,000 sq ft supermarket at Hyderabad offer products under categories like grocery, fruits and vegetables, bakery, dairy and take away foods, meat, poultry and fish, wine.
It will also stock beer, tobacco, home textiles, personal care, crockery, kitchen appliances, travel and IT accessories, including imported items from Europe and South East Asia. Spar runs a series of supermarkets across 35 countries in four continents, the release added.
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