Spar International is ending its license agreement with its partner in India, Max Hypermarket, in order to pursue a new growth strategy.
Max Hypermarket currently operates 13 Spar branded hypermarkets across five states in India.
According to both retailers, all of the stores are reported to be trading well and their success is confirmation the Spar retail offering has been well received by consumers.
Spar said it now wishes to extend its footprint nationwide through new partnership arrangements with a range of national and regional retailers.
At the same time, Max Hypermarket is reported to be in discussions with potential partners to expand its business in India.
The current license agreement between the two retailers will not be renewed after 31 December 2012.