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Canary Islands chain targets Balearic Islands: buys 20 Spar tourist supermarkets for 10 million euros

Dinosol Supermercados, the leading distribution company in the Canary Islands, sets its sights on the Balearic Islands as a strategic destination with a first acquisition in Mallorca.
Sección de frutería de un supermercado de Hiperdino.
Sección de frutería de un supermercado de Hiperdino.

Dinosol Supermercados, a reference in the distribution sector in the Canary Islands, has announced the acquisition of 20 supermarkets in Mallorca for an investment of 10 million euros. These stores will be adapted to the Hiperdino Express convenience model, with opening scheduled for February 2025. According to Javier Puga, CEO of the company, this move seeks to diversify markets and strengthen the offer in areas of high tourist demand.

Transformation and generation of local employment

The new stores, with a total surface area of 7,046 m², are located in towns such as Alcudia, Playa de Palma and Magaluf, and will involve the incorporation of 130 employees. These stores, currently inactive, belonged to the Spar network, whose stores in Mallorca are supplied by Igasa and operated under a seasonal model of six months a year. The transformation to the Hiperdino Express concept will make it possible to serve both residents and tourists all year round.

Consolidated presence in the Canary Islands and projection abroad

With this acquisition, Dinosol strengthens its leadership, adding to its network in the Canary Islands, which already has 261 own stores and 92 Hiperdino Express franchises, a new chapter in its expansion strategy. This move follows the purchase of six supermarkets in Gran Canaria in 2024, consolidating its commitment to strategic tourist markets.

Automatic Translation Notice: This text has been automatically translated from Spanish. It may contain inaccuracies or misinterpretations. We appreciate your understanding and invite you to consult the original version for greater accuracy.

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