Spar International has announced that it has entered into a partnership with Max Group LLC to open the first Spar stores in Mongolia. The partnership will see up to 60 stores open in the country by 2020.
Max Group currently operates an existing chain in Mongolia, under the banner Max Food Supermarkets. The new partnership will see these stores transfer to the Spar brand, and will see the opening of new Spar supermarkets from next year onwards.
“Spar is delighted to be launching in Mongolia in partnership with the Max Group," said Spar International managing director Tobias Wasmuht. "We see Mongolia as a dynamic and rapidly developing consumer market with a growing demand for modern world-class food retail.
"We are highly confident that we can build on our strong presence in the region by leveraging our scale with the Spar operations in neighbouring Irkutsk, Russia and Inner Mongolia, China. This collaboration, combined with our modern retail formats, supply chain and international sourcing, as well as investing in the training and development in people locally, will act as a significant support structure for the growth and development of Spar in Mongolia."
The partnership announcement was made at an official signing ceremony during the visit of the Dutch prime minister, Mark Rutte, to Mongolian capital Ulaanbaatar.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.