Top retail chain Spinneys has announced that it will be entering the Pakistani market shortly by opening 6-8 stores in prominent Pakistani cities over the next few years targeting mainly the growing middle class.
Spinneys took its first step towards expanding the group across the Middle East, North Africa and the Indian subcontinent, with the recent announcement of opening of Spinneys Egypt.
Spinneys is owned by the UAE-based Abraaj Capital, the investment firm that specializes in Private Equity Buyout investments in the Middle East and North Africa region.
Arif Naqvi, Chairman of Spinneys Holdings and the Chief Executive of Abraaj which also owns 50% of Karachi-based BMA Capital, said that Spinneys has established a track record for turning shopping into entertainment
Re: UAE-based Spinneys to open retail stores chain in Pakistan
hehe... Spinneys... wow... fond memories of getting candy from the store when Ammi Abbu used to take us for grocery shopping.
Where I lived, there was Manoj (later renamed to Shababna) which was better than Choitram any day... then there was Spinneys and Shop'N'Save which were good too.
Re: UAE-based Spinneys to open retail stores chain in Pakistan
man spinneys brings back so many good memories- definitely more upscale that choitram- choitram cannot be compared to spinneys. spinneys used to have a lot of american products and targeted Westerners in Dubai initially... That's why most of the stuff in Spinneys is Expensive ...so i dunno how well it will workout in pakistan
Re: UAE-based Spinneys to open retail stores chain in Pakistan
now i know its quite fav. of some people. excuse my limited knowledge about ME market. any case this will cause another competition within Pakistan retail business.
Re: UAE-based Spinneys to open retail stores chain in Pakistan
Guys,
ppl who've had the Spinney's experience, could you post some more detials about how old the chain is, what kind is it and what is the target market etc.
is it like safeway, tesco, waitrose etc
