SPAR International (SPAR), a food store retailer, and Max Hypermarkets have signed a new partnership agreement by which 30 SPAR Hypermarkets will be operational across India by 2019. The new agreement builds on the previous successful partnership between the two companies which saw the launch of SPAR branded hypermarkets across six states in India. The announcement will result in 13 of those stores reconverting to the SPAR brand in the coming months and a further 20 stores opening nationwide over the next five years. The plan foresees retail sales exceeding €300 million by 2019.

Announcing the new partnership, Gordon Campbell, Managing Director, SPAR International, said "Our new partnership with Max Hypermarkets reaffirms the suitability of the SPAR business model to the retail market in India. The SPAR brand values and efforts of Max Hypermarkets have enabled us to develop a strong customer franchise, and, as a result, the SPAR brand is well known and respected by consumers in India. Our previous presence in the market provides a strong foundation to grow the brand in the years ahead and we look forward to working closely with Max Hypermarkets to bring quality fresh foods, low price and a convenient shopping environment to consumers in India.”