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Retail

Spar Italy Partner Ergon Posts 'Strong' 2019 Results

Spar Italy has announced that its partner, Ergon has posted sales growth of 15% in 2019.

Ergon is one of the license holders for the Despar brand in Sicily.

The company has also reported a 21.6% growth in margin for the same period.

Ergon attributed its growth to acquisitions made by the company in 2018 to expand the business. The group has set aside €6.5 million for implementing its 'ambitious plans' aimed at driving future growth for the company in 2020, it said in a statement.

Scholarships For Students

Ergon also provides scholarships to the children of employees, ranging from primary school to university graduates.

This year, the company announced 35 scholarships for children, based on school performance. So far, the scholarships have helped around 302 students, the company said.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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