RIGA, Aug 5 (LETA) - On Thursday, August 11, the first SPAR retail store in Latvia will be opened in Saldus, LETA learned from Spar Latvija marketing director Oskars Millers.

The retailer's representative said that SPAR store in Saldus will have a floor space of 720 square meters and it will have a special bakery area.

SPAR Latvija board chairman Andris Vilcmeiers, Skarleta board member Arturs Gabalins and Saldus municipal council chairman Maris Zusts (Latvia's Green Party) will participate in the opening ceremony.

SPAR also plans to open a store in Liepaja in late August.

The company earlier said that SPAR will cooperate with local retailers and by the end of the year will open at least three stores, including in Riga.

SPAR Latvija was registered on July 7, 2021, and has a share capital of EUR 250,000.

The company belongs to Aleksandrs Svarevskis (50 percent), GECO (27 percent), Prodimpekss Logistikas Grupa (10 percent), Valerijs Ivasenki (8 percent) and Vilcmeiers (5 percent).

SPAR launched operations in 1932 in the Netherlands, and now has more than 13,500 stores in 48 countries of the world. In 2020, 181 new stores were opened, and the aggregate turnover reached EUR 39.8 billion.