The pandemic has had a hand in setbacks delaying the retailer’s foray into the fast-growing East European market
Spar is taking longer to break even in Poland than planned after it bought a loss-making distribution business, but it believes it is on track to turn the business around in one of the fastest-growing countries in Eastern Europe.
Spar, a wholesaler that sells products to independently owned retail stores, expanded offshore seven years ago and has been successful in Switzerland and Ireland, as well as in a joint venture in Sri Lanka, with 36.5% of 2021 turnover now coming from abroad. ..
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