Spinneys, a prominent supermarket chain, stands as a cornerstone of quality and convenience in the retail landscape. Renowned for its diverse offerings and commitment to excellence, Spinneys has become a trusted destination for customers seeking a premium shopping experience. With a rich history and a wide network of stores, it continues to redefine grocery retail.
Spinneys Dubai LLC, the franchisee overseeing the supermarket chain in the UAE and Oman, is reportedly planning an initial public offering (IPO) in the second quarter of 2024, according to three sources familiar with the matter.
Moreover, the franchise’s owner, Albwardy Investment, has enlisted Rothschild & Co for advisory services on the IPO, aiming to offer up to 30% of the company.
While Spinneys, Albwardy, and Rothschild have not responded....READ MORE
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Spinneys, a prominent supermarket chain, stands as a cornerstone of quality and convenience in the retail landscape. Renowned for its diverse offerings and commitment to...
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