SPAR International, a large world supermarket chain, will come to Cyprus. For five years, 20 supermarkets SPAR Cyprus will be opened in Cyprus.
Cyprus company Ermes has signed a strategic cooperation agreement with one of the world's largest supermarket chains SPAR International, which is present in 44 countries around the world. The joint venture Ermes and SPAR has every reason to become the largest company in the retail market in Cyprus. SPAR manages 12,5 thousand of supermarkets in the world with a turnover of more than 33 million euros per year. In the assets of Ermes - 90 stores selling clothes, cosmetics, electronics and construction products.
According to the information on the official SPAR International portal, the joint venture will open the first store under the brand SPAR Cyprus already in the first quarter of 2018. Within five years, 20 supermarkets SPAR will be opened in Cyprus.