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Spar Group explores sale of Spar Switzerland and Appleby Westward Group
May 30, 2025
|Cape Times
THE Spar Group said Thursday it is exploring the sale of Spar Switzerland and Appleby Westward Group (AWG), the regional distribution business in the southwest of England.
The group announced in a trading statement for the 26 weeks ended March 28, 2025, in which flat to lower interim earnings growth was forecast, that the decision to divest from the businesses had followed a strategic review of its European operations.
Consequently, Spar Switzerland and AWG would be classified as discontinued operations in the financial statements.
Regarding AWG, Spar's board said they were in talks with a UK-based business regarding AWG, which was well positioned to develop and grow AWG in South West England.
In Switzerland, "established parties with business interests in the region and experience in European food retail and distribution," were being engaged with, the board said.
هذه القصة من طبعة May 30, 2025 من Cape Times.
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