Spinneys
Highly Engaged Employees
Highly Engaged EmployeesGrocery Retail · United Arab Emirates · 1K - 5K Employees
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Overview
Headquarters
Nad Al Sheba Fl 1, Dubai, Dubai, United ...Phone Number
+971 600575756Website
www.spinneys.comRevenue
$633.3 MillionIndustry
ZI Rank: 2
Signal Type
Mar
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ZI Rank
1
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2
About Spinneys
Spinneys is a leading premium grocery and supermarket chain dominating the UAE and expanding across the Middle East. With a focus on fresh, high-quality food, ethical sourcing, community-driven sustainability, and omnichannel retail, it offers both physical and online shopping experiences that combine grocery and lifestyle services.Explore more
Spinneys Org Chart
EA
Senior Category Manager
EI
Category Manager - Drinks and Snacks
CD
Manager, Fresh Food Purchasing
DN
Category Manager & Assistant
MK
Category Manager
RA
Category Manager
JM
Category Manager & Assistant
NC
Junior Manager, Accounts Retail Finance
IA
Category Manager
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Company Profile Activity
Activity Insights
Spinneys is experiencing very low activity levels compared to other companies in the Retail sector.
What does this means?
Spinneys is drawing exceptional interest within the Retail industry, suggesting notable developments or strong market momentum, learn more about Spinneys.
Spinneys financials insights
Gather financial insights about Spinneys, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2024
Stock Offering
$375.5M
Spinneys Tech Stack
A closer look at the technologies used by Spinneys
Most Recent Scoops
Project
implemented cost rationalization measures in Q2, including staff realignment across stores and a review of all discretionary spending, resulting in a 30 basis point saving in the overall cost structure despite a 70 basis point decline in gross profit margin.
Spending/Investment, Layoffs, Finance, Financial Operations
Earnings
Spinneys has reported a like-for-like decline of 5.4% in Q2, primarily driven by the UAE market in April, with an overall Q2 like-for-like of -4%; on a six-month basis, the company achieved overall positive growth of 5.3%.
Earnings, Finance
Earnings
Spinneys has reported an adjusted EBITDA margin of 19.4% for H1, down 70 basis points year-over-year, while Q2 adjusted EBITDA margin improved to 20.7%, up 60 basis points, driven by gross profit provision reversals.
Earnings, Finance
Earnings
Spinneys has reported that sales trends improved progressively from a double-digit decline in April to a single-digit decline in May, returning to growth in June, with July showing double-digit growth.
Sales
Earnings
Earnings, Finance
Spinneys News & Media
Spinneys and Ayala form JV to launch supermarkets in Philippines
Ayala will hold a 60% stake in the joint venture, while Spinneys will retain 40%.Spinneys expands into Kuwait via joint venture with Alshaya
Spinneys will have hold of majority 51% stake in the joint venture.UAE premium grocer Spinneys expands in Kuwait
Regional grocery chains in the Gulf have struggled in the past year amid rising competition from online-only outlets.Spinneys CEO on tariffs, supply chains and new stores in Kuwait - CNBC
UAE supermarket Spinneys is expanding its regional footprint - forming a new JV with Alshaya Group to open ten new stores in Kuwait, expected to open in 2026. The move is the premium food retailer's fourth entry into a market in the GCC, and comes during an uncertain time for supply chains as the tariff risk to international trade continues to hang over the global marketplace. CEO Sunil Kumar spoke to Access Middle East's Dan Murphy.
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Spinneys is a leading premium grocery and supermarket chain dominating the UAE and expanding across the Middle East. With a focus on fresh, high-quality food, ethical sourcing, community-driven sustainability, and omnichannel retail, it offers both physical and online shopping experiences that combine grocery and lifestyle services.... Read More
