INDIA: Spar-Landmark JV increases investment in India
Max hypermarkets, a JV between Spar International and the Dubai-based Landmark Group, has indicated that it will invest a further US$50m to expand in the Indian market.
Max Hypermarkets, a joint venture between Spar International and the Dubai-based Landmark Group, has indicated that it will invest a further US$50m to expand in the Indian market.
Opening the group’s third Spar supermarket, Vinay Singh, MD Max Hypermarkets, said: “We want to take retailing to a new level in India and … we are working according to our original plans for the country.”
To date, Max has invested around $25m in the market and it intends to open a further four stores by the end of 2009.
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