Dubai - Mubasher: Premium food retailer Spinneys has entered the Kuwait market through a joint venture (JV) with Alshaya Group, expanding its GCC presence to four markets.
Under the partnership, Spinneys will hold a 51% majority stake in the JV and handle the management and operations of all stores in Kuwait, according to a press release.
As part of the initial rollout, the DFM-listed company plans to launch 10 stores in Kuwait, with the first expected to open in 2026.
Sunil Kumar, CEO of Spinneys, said: “Kuwait is a high-potential market, and our joint venture with Alshaya Group provides a solid foundation for long-term success.”
“While the UAE remains the core of our operations, we are committed to expanding our regional footprint in a way that stays true to our brand values,” The CEO noted.
On his side, John Hadden, CEO of Alshaya Group, added: “This joint venture brings together both companies deep local expertise across the GCC and a shared commitment to delivering high-quality and fresh offering to the discerning customer in Kuwait.”
Between April 2024 and August 2025, Spinneys added 12 stores in the UAE and two in Saudi Arabia, and the Kuwait venture marks the next step in its regional growth pipeline.
