The South African Spar Group wants to divest its Swiss subsidiary, which comes to over 360 shops, it said on Thursday. Talks with potential buyers are underway. +Get the most important news from Switzerland in your inbox The Swiss subsidiary, Schweizer Spar Handels AG, has confirmed the sale plans. The company is looking for a new owner who will back the management’s growth strategy, it said in a press release. Continuity for employees, suppliers and customers is to be guaranteed. Spar Switzerland operates over 360 locations under the Spar, Eurospar, Spar Express, Maxi and Top CC brands. In April, Spar took over 14 shops from the Schnellmann Group. At the end of September 2024, Spar Switzerland employed some 1,600 people. “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 since the beginning of the year, told the news agency AWP. Talks with ...
