Spar Switzerland's 360 Stores Put Up for Sale

South African Spar Group announces plans to divest its Swiss subsidiary comprising over 360 stores, with negotiations underway for potential Swiss buyers to ensure business continuity.

Key Takeaways

AI

South African Spar Group plans to sell its Swiss subsidiary
Spar Switzerland operates over 360 locations under multiple brands
Spar Switzerland employs approximately 1,600 people
The South African Spar Group acquired Spar Switzerland in 2016

By The Numbers

360+

Number of stores

1,600

Number of employees

14

Stores acquired from Schnellmann Group

They Said

"We don't have a deal yet, but the best solution would be a Swiss owner with local business interests. This is also the focus of our negotiations"
— Gary Alberts, CEO of Spar Switzerland

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