Picnic has teamed up with Belgian hypermarket chain Cora to conquer France
Italy: SPAR expands its retail footprint in Sardinia
Fratelli Ibba Group, a well-established retail organisation, has joined SPAR in Italy, growing the brand’s presence in the Italian region of Sardinia. Fratelli Ibba has acquired all the shares of Supermercati Gieffe and thereby also a stake in SCS, which holds the license for the SPAR Brand in Sardinia. “We are delighted that the Fratelli Ibba group have joined SPAR. They are well-established retailers in Sardinia who have distinguished themselves thanks to their organisational abilities and business results,” said Paul Klotz, President of DESPAR Italia.
South African supermarket group Shoprite Holdings reported a 10.4% rise in half-year earnings on Tuesday, helped by a much stronger second quarter as liquor sales resumed, and declared an interim dividend of 191 cents. Pictures: Brendan Magaar, ANA.