Spinneys supermarkets to open in Kuwait; first store expected next year

Dubai/Kuwait City – Premium supermarket chain Spinneys has announced its entry into the Kuwait market through a strategic partnership with regional retail giant Alshaya Group, with plans to open 10 stores across the country.

In a joint statement issued on Friday, both companies confirmed that Spinneys will hold a 51% stake in the joint venture, taking the lead in operations and management of the Kuwait stores.

Expansion into Fourth GCC Market

The first Spinneys store in Kuwait is expected to launch next year, marking the retailer’s fourth market in the Gulf Cooperation Council (GCC), following its successful presence in the UAE, Saudi Arabia, and Oman.

“Kuwait is a high-potential market and presents strong growth opportunities for us,”
said Spinneys CEO Sunil Kumar.

Spinneys’ Growth and Market Position

Spinneys, which went public on the Dubai Financial Market (DFM) last year after raising approximately $375 million through its IPO, currently operates 86 premium grocery retail supermarkets under the Spinneys, Waitrose, and Al Fair brands.

The company has been actively expanding its footprint across the GCC, leveraging its premium product offering, customer-focused service, and strong brand partnerships.

Alshaya Group’s Strategic Role

Kuwait-based Alshaya Group, one of the Middle East’s largest retail conglomerates, brings extensive experience in managing global and regional brands across diverse sectors, including fashion, food, health, beauty, and hospitality.

The collaboration with Spinneys is expected to strengthen Kuwait’s modern retail sector, offering consumers greater access to high-quality international products.

Outlook

The move reflects a growing trend among leading Gulf retailers to expand regional footprints through strategic partnerships and joint ventures. With Kuwait’s rising demand for premium grocery experiences, the new Spinneys-Alshaya venture is positioned to capture a significant share of the market.