Various Empangeni and Richards Bay SPAR stores temporarily shut down
Assurances were made that the dispute between SPAR and the Giannacopoulos Group would not affect shoppers or staff, and that the stores would remain open under SPAR’s control
Shoppers at various SPAR outlets in Richards Bay and Empangeni were greeted this morning by signs on the closed doors, after the stores were sealed by the Sheriff’s office in accordance with a High Court application.
A statement from the SPAR Divisional Managing Director Desmond Borrageira, said a decision was taken by The Spar Guild of Southern Africa Limited ‘to terminate the membership of the stores which fall within the Giannacopoulos Group’, claiming it was ‘competing with businesses of retail members and bringing the SPAR brand into disrepute’.
Assurances were made that the dispute between SPAR and the Giannacopoulos Group would not affect shoppers or staff, and that the stores would remain open under SPAR’s control.
It is understood that more than 20 stores are affected.
Local multi-store owner Harry Giannacopoulos was not able to attend a scheduled meeting with the Zululand Observer today to release an official statement, as he was in consultation with his advocates working through the application and preparing a reply.
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