Located in Riyadh’s emerging mixed-use development La Strada Yard, the 43,520 square foot Spinneys supermarket offers fresh and premium products including imports, local items and private label ranges
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Dubai
Spinneys reports $221.9mn sales in first post-IPO quarterly result
Q1 2024 total revenue grows 10.9%; Gross profit up 15.1% to $91.5 million; First Saudi store expected to open this quarter
Choithrams
UAE supermarket chain Choithrams announces massive Gulf region expansion
Choithrams plans new store openings in UAE, Bahrain and Qatar and rules out publicly listing the company ‘anytime soon’
PIF
Saudi Arabia’s PIF to acquire 30% of supermarket giant Tamimi Markets
The investment will help the company to expand its operations in the consumer goods and retail sector and emerge as one of the main chains in the region
Dubai
Dubai Ramadan offers: Supermarket slashes more than 10,000 prices by up to 75%
Dubai supermarket is cutting prices of 10,000 items by up to 75% as part of 2023 Ramadan offer
Dubai
Retail giant GMG buys aswaaq from Investment Corporation of Dubai
The buyout will bolster GMG with 11 community malls, 22 supermarkets, and 800 employees
Carrefour
UAE supermarket locks prices as inflation spikes cost of living
Carrefour locks in the prices for over 200 products
DFM
Union Coop shares fall 10 percent in early trading after DFM debut
One of the biggest supermarket chains in Dubai, Union Coop earlier announced the listing amid a spate of initial public offerings in the region’s capital market scene
India
UAE-based LuLu Group forays into North Indian market with region’s largest supermarket
Besides the mall in Lucknow, UP, the Group is also reportedly planning to set up a new food and vegetable processing unit in the state
Dubai Carbon Centre of Excellence
Spinneys becomes first retailer to join ‘Food for Life’ initiative in support of UAE’s target to halve food waste by 2030
According to Dubai Carbon Centre of Excellence, food wastage in the UAE is estimated to be 3.2 million tonnes, with around 38 percent of the food prepared daily being wasted
food products
UAE food prices at risk of increase as Ukraine-Russia war jeopardises wheat exports, says supermarket chain
The Ukraine-Russia conflict will likely raise the price of food for consumers in the Middle East
Manuel Market
Jeddah retailer Manuel Market plans to open 100 new stores
Supermarket operator says it is on track for major expansion plan in the next three years
Baqal
Kuwait’s OnCost Cash and Carry buys supermarket chain Gulfmart
The acquisition is part of the firm’s expansion plan to the UAE and Saudi Arabia in the next five years
abu dhabi retail
UAE supermarket retailer Grandiose appoints new CEO
Franck Rouquet, former senior exec with Carrefour in the GCC, is hired to lead retail arm of Ghassan Aboud Group
Carrefour
Carrefour launches new scan&go tech in Dubai supermarkets
New initiative allows customers to scan and bag the items they wish to purchase as they journey around the store
food retail
Khalid Aldarwish honored with the distinction of Knight of the Order of the Star of Italy
Supermarket chain to open 100 stores in next 5 years
Carrefour
Carrefour named best value supermarket chain in Dubai
Comparison website Souqamal.com reveals results of survey pricing 11 everyday products from six different retailers