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The British Retail Consortium says proposed guaranteed hours rules could unintentionally limit flexible work in UK retail.
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The Icelandic entry follows Spar's move into North Macedonia last month through a licensing arrangement with Kosovo-based Viva Fresh Group.
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The agreement expands a relationship of over two decades between M&S and the Indonesian lifestyle retailer, which has operated the UK retailer’s franchise business in Indonesia and Vietnam.
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As part of the deal, the structure dedicated to the development of the Franprix network will be set up as a capital partnership.
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The companies will examine the creation of a new holding company via a joint share transfer, under which they would both become wholly owned subsidiaries of the combined entity.
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