SPAR have announced its new partnership with Max Group LLC, with a view to opening 60 new stores across Mongolia by 2020.
The partnership was made official during a visit to the capital of Mongolia, Ulaanbaatar, by Dutch Prime Minister Mark Rutte, where a signing ceremony took place.
Max Group is a lead retailer in Mongolia with a string of chains of Max Food Supermarkets across the country.
The partnership with SPAR will mean the transfer of brand, with new SPAR branded stores opening as early as 2017.
The Dutch retailer has reported global retail sales of €33 billion in 2015, from 12,000 stores spanning four continents.
At the official signing ceremony in Ulaanbaatar, Dutch Prime Minister Rutte, said, “It is greatly encouraging to see a company like SPAR, which started as a partnership of Dutch retailers and wholesalers more than 80 years ago, helping bring retail best practice to the Mongolian marketplace.”
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Aoife Lawless. To subscribe to ESM: The European Supermarket Magazine, click here.
