Albania will soon get its first Spar supermarkets, following a licensing deal with local private-investment group Balfin (through its Almark unit).
Work is currently under way to convert Carrefour-branded stores to Spar, first focusing on the launch of two Interspar hypermarkets, and rolling out the conversion of supermarkets thereafter.
By 2017, Balfin Group plans to open over 100 supermarkets and ten hypermarkets, creating the largest retail network in Albania and investing over €50 million in the project.
Almark has also invited all potential partners who have stores and operate in the retail sector to join the Spar network via sub-franchising agreements.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.