• Spinneys enters Kuwait through a joint venture with Alshaya Group, marking its expansion into a fourth GCC market.
• The retailer plans ten stores, with the first opening in 2026, holding a 51% majority stake in the venture.
• Kuwait’s strong disposable income and retail potential make it a key market for Spinneys’ premium fresh food growth strategy.

Spinneys

Spinneys, premium fresh food retailer, announced its entry into Kuwait. This is through a joint venture with Alshaya Group, a leading brand franchise operator. This marks Spinney’s entry into a fourth GCC market and is a step forwards in its regional expansion strategy.

“We are delighted to announce our entry into Kuwait, as a part of the Strategic Middle East expansion plan, a significant milestone in our strategy to bring Spinneys’ premium fresh food offering to more customers. Kuwait is a high potential market and presents strong growth opportunities for us. The first store under the joint venture is expected to open in 2026, paving the way for a long and successful presence in the Kuwaiti market,” said Sunil Kumar, Chief Executive Officer at Spinneys.

Under the joint venture, Spinneys will hold a 51% majority stake. It will also lead the operation and management of all stores under the partnership. In its initial rollout, it is planning ten stores in Kuwait with intentions for the first location to open in 2026.

Kuwait

Its entry into the Kuwaiti market aligns with its growth ambitions to be a top brand choice in the region. Furthermore, as the fourth largest economy in the GCC, Kuwait offers an incentivizing retail opportunity. Additionally, the country’s market has some of the highest levels of disposable income per-capital in the region. Thus, Spinneys aims to meet this demand through premium offerings.

“Kuwait is a dynamic market with a strong appetite for premium offerings, and we believe Spinneys’ proven brand and operational excellence will resonate strongly with local consumers,” said  John Hadden, Chief Executive Officer at Alshaya Group.

News Credits- WAYA