The proposed sale comes as ‘no surprise’ for Sasfin’s Alec Abraham, who says the badly timed acquisition (pre-Covid) has cost the retailer dearly. JSE-listed Spar Group has announced that it will be exiting the Polish market with the disposal of its struggling Spar Poland business.

The group confirmed its decision to go this route to investors on Thursday with the release of its trading update for the 47 weeks to 25 August. This comes months after the group cast doubt on its plans to continue in the Poland market at the release of its interim financials in June this year. Click here to read the full article