Spar ‘extends olive branch’ to franchisee, but some fruit remains bitter
The company says it has brokered a peace deal with the Giannacopoulos family, but some matters remain unresolved
18 June 2023 - 06:28
Food retailer Spar could be heading for arbitration to resolve a dispute with a franchisee and end a long standoff that has caused reputational damage for the group and the departure of its CEO and chair.
The wholesale food and building retailer, which operates in a number of countries in Africa and Europe, was accused of fraud and inflating prices of loss-making stores that were sold to unsuspecting franchisees. It was also accused of racism by black entrepreneurs. ..
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