Ulster-based Henderson Group has announced that it will invest £18m in its company-owned estate of Spar, Eurospar and Vivo stores across Northern Ireland in 2006, compared with a £6.3m investment last year.
The money will be spent on more than 20 individual projects including new build stores and knock-down and rebuild projects.
In addition, the company will invest £3m directly with its retail partners to help develop their independent businesses and £6.4m in marketing its retail brands - made up of £5m from Spar UK directly and £1.4m dedicated to the group's Northern Ireland marketing campaign.
Paddy Doody, sales and marketing director for Henderson Wholesale, commented: "We plan to open 28 new stores in the year ahead and we are confident that this investment, coupled with our award-winning business model, will make this figure achievable."
Will Government proposals to ban the display of tobacco in retail premises damage the wholesale sector?
- 27 November, 2008
FWD Annual Dinner & Gold Medal Awards
