Max Hypermarkets is promoted by the Landmark Group, the retail group headquartered in Dubai.
The agreement licences Max Hypermarkets to open SPAR branded hypermarkets and supermarkets across India, including seven new stores over the next two years. The first two stores are expected to open in Bangalore next month.
In his comments, Dr Gordon Campbell, Managing Director of SPAR International, said: 'This is an exciting and important development for us. Developing SPAR Hypermarkets in India is a key element in our strategic plan. India is a market with enormous potential and we are pleased to have found an excellent partner in Max Hypermarkets.'
The Landmark Group believes the agreement with SPAR International is a strategic way forward in developing the hypermarket concept in India. The Group's expertise in non-food retailing, in partnership with SPAR's proficiency in food and hypermarket operations, will help create a unique and compelling consumer offer for India.
'SPAR is a leading food retail brand operating in 33 countries across different formats -- convenience stores, supermarkets and hypermarkets. The Landmark Group is happy with this association and we do believe that this association will help the Group to expand into food retailing and bring in international standards and operations in par with the rest of the food retailers globally,' said Micky Jagtiani, Chairman of the Landmark Group.
Max Hypermarkets, SPAR International sign licence agreement
Max Hypermarkets India Private Ltd, today announced that it has signed a Licence Agreement with SPAR International, the world's largest food store retailer.
- United Arab Emirates: Sunday, September 23 - 2007 at 12:33
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SPAR InternationalSPAR is the world's largest food store retailer - the worldwide SPAR organisation comprises 13,700 stores in 33 countries spanning four continents and meets the needs of millions of consumers every day. SPAR operates under four store formats which enable the SPAR brand to flex across different markets. SPAR was founded in The Netherlands in 1932 and the principles of the voluntary trading system remain true to today. SPAR International is responsible for the development and co-ordination of the worldwide SPAR organisation. The principal activities of SPAR International include developing into new countries, retail development, marketing and buying agreements across the organisation.
About the Landmark Group:
From its first store in Bahrain in 1973 measuring 5,000 square feet, the Landmark Group today has a retail presence of over 10 million square feet and plans to grow its retail presence to 15 million sq.ft in the next 3 years. The Group currently operates over 550 stores and employs over 17,000 people and has a footprint that spans across Middle East, India, Spain and China. With business interests in children wear, fashion, household, footwear, electronics, & lifestyle products among many others, the Group attracts an ever-widening customer base, representing varied nationalities, cultures and economic profiles.
The Group entered India in 1999 with the opening of 'Lifestyle', a highly successful department store chain today. Expansion being at the core of its business philosophy, the Landmark Group has over 60 stores in India today, across different formats with an annual growth rate in excess of 30%.
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, September 23 - 2007 at 12:33 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
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