Germany grocery store chain Spar has said it expects to post another full-year loss this year, but aims to return to profit in 2005.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The comments from chairman Fritz Ammann came amid speculation that the company’s French owner ITM Intermarche is considering a sale of its stake in Spar, reported Agence France Presse.


Ammann said the grocery chain aims to complete its restructuring programme, which includes selling off many loss-making stores, by 2005.


Spar operates 2,500 Spar and SuperSpar supermarkets in Europe. For the first half of 2003 the company reported an operating loss of €64.5m (US$79.4m), compared to a loss of €60.9m a year earlier.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now