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Spar Hungary eyes HUF 23 bln network development

Telco

press release

The Hungarian arm of international food retail network Spar is planning to invest a total of HUF 23 billion on the development of its network in Hungary, which comprises 345 Spar stores, 32 Interspar stores and 108 Spar Partner franchise stores, according to reports.

Plans for the development were announced yesterday at the opening of Spar’s latest store in Budapest, a 600 square-meter unit created through an investment of HUF 260 million. Developments would include the modernization of 26 stores in Hungary, said communications director Márk Maczelka, according to Hungarian news agency MTI. 

Spár Hungary employs more than 13,000 workers in the country, MTI noted. Last year it had HUF 488.2 bln turnover and is targeting HUF 500 bln turnover for 2016, according to the news agency.

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