07 Nov 2011
(MENAFN) Spinneys CEO Michael Wright said it expected to record USD1 billion revenue in 2013 and is looking to expand further in the Middle East, Reuters reported.
Wright added that the Gulf supermarket chain registered 20 percent revenues in 2007 in Lebanon, while it recorded even larger figures in Egypt.
He also unveiled plans to open an additional four stores in Lebanon, three in Qatar, two in Jordan and at least three in Egypt by 2013, adding that expanding the supermarket chain is central to growing profits.
Unexpected Arab Spring altered Spinneys’ plans to further expand into new territories within the Middle East.
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more