Spar Hypermarkets, the global food retailing chain of the Dubai-based Landmark Group, expects to start funding its India expansion beyond 2013 out of its local cash flow in the country. So far, the Landmark Group has invested Euro 40 million in setting up five hypermarkets (all in South India) and plans to pump in another Euro 40 million into the next phase of expansion. The global food retailing major, which has more than 12,000 stores across 34 countries, is now eyeing for further expansion. Magnification plan of the retail major will offer a new business opportunity to the region’s signage segment, particularly those engaging in in-store displays.
