Multinational retailer Spar International and the Indonesian retail chain Ramayana have announced the opening of the first three Spar stores in Indonesia, located in the capital Jakarta.
Ramayana is a publicly-quoted Indonesian retail group with 116 stores throughout Indonesia, while Spar International owns over 12,000 stores worldwide and recorded global retail sales of over €30 billion in 2013.
The three new stores are situated in Bogor, Cibitung and Cibubur, and their re-launch under the Spar brand was the result of an investment of $1.13 million. In a press release, Spar said the changes included the introduction of fresh sections including in-store bakeries, fresh fish, and hot foods to go.
Commenting on the Indonesia expansion, Tobias Wasmuht, International Retail Director at Spar said: ‘“Our continued, high performing partnership with Ramayana in Indonesia is consistent with SPAR International’s strategic focus on partnering with leading local and regional chains in growth markets in Asia”.
Agus Makmur, President ofRamayana, added: “Our understanding of shopping patterns and shopper demand along with our investment in training and staff, and relationship with local suppliers renders Ramayana the perfect partner for SPAR in this market”.