Spinneys to invest EGP 400 mn, open eight new branches this year

Hypermarket chain Spinneys Egypt is planning to invest EGP 400 mn to open eight new retail locations this year, including one store in Sheikh Zayed that is set to open by the end of this week, Al Borsa reports. The company is also looking to open a total of 40 new branches over the coming five years at a rate of eight branches per year, according to CEO Mohanad Adly.