Spar: Has the ‘friendly’ store lost its way?

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Spar isn’t just at war with the Giannacopoulos Group, but with many of its retailers.

There is a tiny note, number 41 to be precise, tucked in at the very end of Spar’s recently released 2022 annual financial statements.

Tagged “contingent liability”, it oozes harmlessness — the sort of item included in the financial statements by some overzealous audit clerk keen to ensure all the boxes are ticked...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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