18m invested by Henderson

Ulster-based Henderson Group has announced that it will invest pound;18m in its company-owned estate of Spar, Eurospar and Vivo stores across Northern Ireland in 2006, compared with a pound;6.3m investment last year.

The money will be spent on more than 20 individual projects including new build stores and knock-down and rebuild projects.

In addition, the company will invest pound;3m directly with its retail partners to help develop their independent businesses and pound;6.4m in marketing its retail brands – made up of pound;5m from Spar UK directly and pound;1.4m dedicated to the group’s Northern Ireland marketing campaign.

Paddy Doody, sales and marketing director for Henderson Wholesale, commented: “We plan to open 28 new stores in the year ahead and we are confident that this investment, coupled with our award-winning business model, will make this figure achievable.”

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