Retailer Spar is expanding into Poland in search of new revenue streams from one of Europe’s most dynamic economies.
Spar is buying a controlling interest in the Polish-based Piotr i Pawel Group, which runs 77 delicatessen and supermarket stores, with a wholesale distribution network. “Spar’s track record of offshore acquisitions has been a mixed bag with success in Ireland and underperformance in Switzerland, so the telling thing will be how much they pay and how quickly they plan to expand into the region,” Samuels said.“Fortunately, the proposed acquisition is for a small chain of 77 stores, which we believe would not have a material effect on the group’s numbers in the near term.
It hiked its half-year payout to shareholders 5.2% on the back of “a strong performance” during the first half of its financial year.
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Spar moves into PolandRetailer is buying a controlling interest in Piotr i Pawel Group, which runs 77 delicatessen and supermarkets, with a wholesale distribution network
Source: BDliveSA - 🏆 12. / 63 Read more »
Spar moves into PolandRetailer is buying a controlling interest in Piotr i Pawel Group, which runs 77 delicatessen and supermarkets, with a wholesale distribution network
Source: BDliveSA - 🏆 12. / 63 Read more »