Spinneys, the Middle East grocery retailer, has announced plans to significantly expand its store presence in the UAE, with a new outlet just opened and eight more in the pipeline for 2019. In a statement, Spinneys said it planned to open eight new supermarkets in Jumeirah Golf Estate, Dubai, Damac Hills, Dubai, Dubai Creek Residences, Meydan, Dubai, and Al Maryah Central, Abu Dhabi before the end of the year. Measuring …
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Portuguese retail and telecoms conglomerate Sonae is reportedly in talks to acquire Egyptian supermarket chain Spinneys, which is currently owned by Abraaj Group. According to an article in Jornal De Negocios (citing Bloomberg), the owner of the Continente chain is in negotiations with Abraaj Group over a potential deal that would reportedly be concluded with a local partner. Abraaj Group is also said to be negotiating the sale of Spinneys …
Khalifa Industrial Zone Abu Dhabi (Kizad) announced today the signing of agreements with Spinneys Abu Dhabi for the building of a new distribution centre. A land plot has been allocated in the logistics cluster of Kizad Area A, where the company will set up a temperature-controlled distribution centre to store products from multinational consumer goods manufacturers. The facility will also be used to store food and non-food products that will …
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