Spar Switzerland Up for Sale: Over 360 Stores in Play

South African Spar Group announces plans to sell its Swiss subsidiary, comprising more than 360 stores and 1,600 employees, as negotiations with potential Swiss buyers begin.

Key Takeaways

AI

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

By The Numbers

360+

Number of store locations

1,600

Number of employees

14

Stores acquired from Schnellmann Group in April

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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