UAE premium grocer Spinneys expands in Kuwait

UAE premium grocer Spinneys expands in Kuwait

Spinneys, the UAE-based premium grocery chain, has signed a deal with Alshaya Group to expand into Kuwait. Spinneys will control 51% of the joint venture with Alshaya, which is one of the Middle East’s largest brand franchise operators. It plans to open 10 stores starting in 2026. Over the past 16 months Spinneys opened 12 new stores across the UAE and Saudi Arabia.The deal was a boon for Spinneys’ investors. Shares rose more than 3% after it wa…

Spinneys Partners with Alshaya Group to Enter Kuwait

Spinneys, the leading premium fresh food retailer, has announced its entry into Kuwait through a strategic joint venture with Alshaya Group, one of the world’s leading brand franchise operators. The move marks Spinneys’ entry into a fourth GCC market and represents a natural evolution of its regional expansion strategy. Industry sources added that Spinneys’ entry into the Kuwait market marks a natural evolution in its growth journey, aligning wi…

Spinneys to open first of 10 stores in Kuwait next year

UAE supermarket operator Spinneys is to open its first store in Kuwait next year. The Dubai-listed company has partnered with Alshaya Group, a Kuwaiti brand franchise operator, for its entry into its fourth GCC market. The initial rollout plan targets 10 stores through a joint venture that will be 51 percent owned by Spinneys, which will operate and manage all stores. Spinneys CEO Sunil Kumar said that entry into Kuwait is a part of the company’…