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Spar to invest €18 mln in expansion

Publicat la 12.02.2008, 22:00:00

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Spar to invest €18 mln in expansion
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According to Rino Tizzanini, the company’s General Manager, the average cost to open a Spar store is €1.5 million. The first store will be opened in Constanta’s City Park Mall. The company already owns a hypermarket in Targu Mures and 13 supermarkets throughout Romania. Total investments exceed €22 mln.

Spar’s development target includes 55 stores, including in Bucharest, while long-term plans involve the opening of a total of 250 stores.

The company posted €9.3 mln in turnover in 2006, the year it entered the Romanian market. The supermarkets are operated by Spar Arad, which owns the franchise for the Romanian market.

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