Spar International has made its first foray into Indonesia, with the opening of three stores as the group continues to focus on expansion in Asia.
The launch is part of a joint venture between Spar International and PT Ramayana Lestari Sentosa Tbk, a publicly-quoted Indonesian retail group with 116 stores throughout Indonesia trading under the Ramayana, Robinson, and Cahaya retail brands.
Fifteen Spar stores have been earmarked by the end of the year through the joint partnership.
Spar International is one of the world’s largest supermarket chains with more than 12.200 stores worldwide and global retail sales of €32.2 billion in 2013. A total of €1 million ($1.13 million) was invested in the refurbishment and launch of the three stores located in Bogor, Cibitung, and Cibubur.
The stores, each around 1500sqm in size, offer a full supermarket range including a large fresh sections including instore bakery, fresh fish, hot foods to go. The partnership anticipates a 30 per cent increase in retail turnover as a direct result of the store conversions to Spar.
“Our continued, high performing partnership with Ramayana in Indonesia is consistent with SPAR International’s strategic focus on partnering with leading local and regional chains in growth markets in Asia,” Tobias Wasmuht, International Retail Director, SPAR International, said.
The opening of the three new stores today is evidence of the significant progress already made in the short period of our partnership with Ramayana and introduces a new level of retailing excellence to the Indonesian marketplace. Today’s developments will act as a strong foundation to develop our strategy and build our presence further in the Indonesian market.”