Global Food Retail Chain Spar Forays Into India
Global food retail chain Spar has revealed that the company has commenced its Indian operations on Friday by kicking off its first supermarket at Hyderabad.
The company has forayed in the Indian market under a license pact with global retail major Landmark Group's Indian subsidiary Max Hypermarkets.
Under the pact, Max Hypermarkets will be responsible for the entire business operation- from capex outlay to routine operations including the management of the supermarket, while Spar would offer knowledge transfer and technical expertise.
According to the sources, 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.
According to the reports, Spar runs a series of supermarkets across 35 countries in four continents.