Spar again sustain from Serbian market entry

by   CIJ News iDesk VII
2020-09-04   10:26

Spar retail chain will not enter the Serbian market after it completed is unofficial due diligence. Christian Sperger, head of the project development department at ASPIAG, said that the well-known chain of Spar stores is still not ready and has no plans to invest in the Serbian retail market due to high price rents.

Spar has already tried to enter into Serbia several times. It was planned to enter for the first time in 2007 by building hypermarkets in Belgrade and Vojvodina, then by acquiring certain retail chains, but after detailed analyses, the plan were abandoned.