The premium grocery chain Spinneys is launching a significant Spinneys Kuwait expansion. This move is a major part of their growth strategy. They are partnering with the Alshaya Group for this venture. Together, they plan to open ten new stores.
According to a recent joint statement, a formal joint venture is established. Significantly, Spinneys will own a controlling fifty-one percent stake. Consequently, they will lead all store operations and management. This partnership highlights a strong commitment to the Kuwaiti market.
The first new store is scheduled to open next year. Therefore, 2026 will mark their official market entry. This move makes Kuwait their fourth GCC market. They already operate successfully in the UAE, Saudi Arabia, and Oman.
Spinneys CEO Sunil Kumar commented on the development. He called Kuwait a high-potential market. He also noted its strong growth opportunities for their brand. The UAE remains their core operational base, however.
Meanwhile, Alshaya Group CEO John Hadden also expressed excitement. He described Kuwait as a dynamic and valuable market. Also, he said there is a strong local appetite for premium offerings. He believes the Spinneys brand will resonate deeply with consumers.
This joint venture strategically combines their strengths. Alshaya brings extensive local and regional expertise. Spinneys contributes its proven operational excellence. Together, they promise a high-quality, fresh offering for customers.
Spinneys currently operates eighty-six supermarkets across the region. Their portfolio includes the Spinneys, Waitrose, and Al Fair brands. The company recently went public on the Dubai stock exchange. They successfully raised about three hundred seventy-five million dollars.
This Spinneys Kuwait expansion represents a careful strategic plan. The company is growing its regional footprint thoughtfully. They aim to stay true to their core brand values. This partnership paves the way for a long and successful presence.
