Spar, the Netherlands-based retail multinational, has announced that it will open chains of its supermarket in Israel in 2023.
The organization signed a letter of intent with Amit Ze'ev, who is expected to become Spar's official franchisee in Israel.
Ze'ev previously served as the CEO of Yeinot Bitan, an Israeli supermarket chain, which struck a franchise agreement in March 2022 with another major European food firm, Carrefour, to convert some 150 of its branches to the French supermarket.
Spar operates 13,623 shops across 48 countries, and many of their stores are administered by local franchises.
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The Dutch company's annual turnover is 41.2 billion euros, with 63 percent coming from its western Europe market. In June, Spar announced its intention to double its stores in the Netherlands to 1,000 in the next three years.