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Spar Invested Over €50m In Croatia This Year

Published on Nov 24 2017 12:58 PM in Retail tagged: Croatia / Spar / Billa / Spar Hrvatska

Spar Invested Over €50m In Croatia This Year

Spar has invested over €50 million in Croatia during 2017, to expand its footprint in the Balkan country.

According to Spar Hrvatska chief executive, Helmut Fenzl, the supermarket chain plans to continue this investment drive into 2018.

His statements came on the occasion of the opening of a new supermarket in the capital Zagreb, located in Banjavčićeva Street. The store is 1,100 square metres in size, and employs 45 people.

Expanded Network

With the latest opening, Spar Hrvatska’s network now consists of 103 stores (supermarkets and hypermarkets) and more than 4,300 employees.

Over the past year, Spar’s main expansion focus has been in the Adriatic region of Croatia (Istria and Dalmatia) and plans for 2018 include the opening of a hypermarket in Rijeka, in which the company is investing €23 million.

Earlier this year, Spar completed the acquisition of Billa’s assets in Croatia, enabling it become the third largest grocery retailer in the country after Konzum and Lidl.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine

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