Business Chief Europe Magazine April 2019 | Page 92

TOP 10

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SPAR

NETHERLANDS

92
SPAR launched in the Netherlands as a single store in 1932 . The brand was originally named DESPAR – an acronym for the Dutch phrase “ Door Eendrachtig Samenwerken Profiteren Allen Regelmatig ”, which translates to “ through united co-operation everyone regularly profits ”. Now the company manages 12,322 shops across 34 markets . In the 2017 financial year , the Amsterdamheadquartered business saw its global sales increase by 5.3 % to reach € 34.5bn ( US $ 40.1bn ). The firm offers six different sub-brands : SPAR Express , SPAR Neighbourhood , SPAR Drive-Thru , EUROSPAR , INTERSPAR , and SPAR Gourmet . APRIL 2019