Pakistan news

24 June 2019
Majid Al Futtaim has outlined plans to invest PKR40bn (US$256.1m) in Pakistan. Expansion into new cities Since 2009, Majid Al Futtaim has invested PKR8bn (US$51.2m) in Pakistan. It now operates seven Carrefour hypermarkets and one Carrefour Market supermarket in four metropolitan cities. The retailer will mainly focus its expansion in tier two cities. It hopes to reach a network of 50 ...
03 January 2019
UAE-based Majid Al Futtaim has rebranded its Pakistan-based Hyperstar chain to the Carrefour brand. Rebranding to enhance modern retail Majid Al Futtaim has operated stores in Pakistan, through the Hyperstar band, since 2009. The retailer has six Hyperstar hypermarkets in three major cities; Islamabad, Karachi and Lahore. Majid Al Futtaim said the rebranding to Carrefour will  “enhance mode...
07 December 2018
Spanish supermarket chain Condis is set to invest up to PKR139bn (US$1bn) in Pakistan. Plans to strengthen sourcing and distribution network Last month, a team of Condis supermarket colleagues headed by the Director of Expansion, Mr. Jose Manuel Castellano visited Pakistan. As reported in ARY News, the team visited several cities, including Multan, Jhelum, Rawalpindi and Islamabad to explor...
03 August 2018
UAE Majid Al Futtaim Retail is targeting 10% revenue growth in 2018, as it continues to expand its store network around the world.  Invest up to DH2bn in store expansion... The company plans to invest between DH1.5bn (US$408.4m) and DH2bn (US$544.5m) in expanding Carrefour’s store portfolio by 2021, with Saudi Arabia, Egypt, Pakistan and East Africa the key growth markets outside the UAE. ...
30 May 2018
SPAR International has enjoyed ‘ strong, continued growth ’ in 2017, with sales rising 5.3%, on a constant currency basis, to €34.5 bn. SPAR International said its performance had benefited from its continued focus ‘ to grow [its] presence through targeted expansion, and to drive retail development through expanding our multi-format retail strategy ’. Sustained expansion underpinning results ...
09 May 2018
Alibaba has expanded into South Asia through its acquisition of Daraz. Who's Daraz? Daraz was founded in 2012 by Rocket Internet and operates in Pakistan as well as Bangladesh, Myanmar, Sri Lanka and Nepal. Rocket said in a statement that Alibaba has acquired the entire Daraz business. The website will continue to operate under the same brand following the sale to Alibaba. Daraz is mainl...
16 November 2017
We round up the latest news from SPAR International, bringing together news from leading markets in Africa, Asia and Europe. SPAR South Africa reports annual results SPAR has reported its final year results for operations in South Africa, Ireland and Switzerland. South Africa revenue +4.6%, Tops alcohol driving sales SPAR full year revenue in South Africa increased +4.6% to ZAR56 bn (...
01 June 2017
Turkey’s second largest grocery retailer, Migros Ticaret, indicated its intention to enter Pakistan. According to Migros Ticaret’s parent company, Anadolu Group, this is part of an international expansion strategy to build on their current presence in Pakistan with its soft drink bottling subsidiary Coca-Cola Icecek. Migros is not new to international operations International expansion is...
17 February 2017
Tesco has partnered up with local Karachi-based Alpha Supermarket to stock its products in 50 Express convenience stores and four Alpha stores over the next three years. Exclusive partnership Alpha Supermarket will be the exclusive partner for Tesco in Pakistan, offering Tesco’s private labels, including Tesco Goodness, Tesco Finest, and Tesco Everyday. It will offer a complete range of Tes...
31 March 2016
UAE-based Majid Al Futtaim has has opened its first Hyperstar hypermarket in Islamabad, Pakistan.  Majid Al Futtaim expands in Pakistan Majid Al Futtaim's new Hyperstar hypermarket operates 6,000 sq m in Islamabad's World Trade Centre. The opening maintains Majid Al Futtaim’s continued expansion strategy, which saw it open nine new hypermarkets and 11 new supermarkets in its 2015 financial ...