What is Spinneys's business focus and history?
Spinneys 1961 Holding PLC is a publicly listed company based in Dubai, United Arab Emirates, founded in 1961. It operates as a premium fresh food retailer with supermarkets under the 'Spinneys', 'Waitrose', and 'Al Fair' brands across the UAE, Oman, and Saudi Arabia. Spinneys has expanded its footprint with 13 new stores in 2025, achieving a revenue of AED 3.6 billion and a profit of AED 332 million. The company has also announced plans to enter the Philippines market through a joint venture with Ayala Corporation.
Spinneys Corporate Details & Core Services
Spinneys is a leading premium fresh food retailer operating supermarkets under the 'Spinneys', 'Waitrose', and 'Al Fair' brands across the UAE, Oman, and Saudi Arabia. The company offers high-quality fresh food products and has a strong heritage in the region.
Spinneys Contact Information & Official Links
| Website | https://www.spinneys.com |
| Social | |
| Email id | support@spinneys.com |
| Phone number | +97142743333 |
| Head office address | Dubai, Dubai, United Arab Emirates |
| Tags | Supermarket Grocery Fresh Food |
What are Spinneys's Key Business Metrics & Stats?
| No of employees | |
| Founded year | 1961 |
| Type | public |
| SAICS CODE | 5411 |
| NAICS Code | 445110 |
| Industry | Retail |
| Location | Dubai, Dubai, United Arab Emirates |
| Subsidiary Company | waitrose.ae, alfair.com |
| Stock Name | SPIN (Dubai Financial Market) |
| Other website | spinneys.com.sa |
| Pricing Strategy | Competitive pricing with a focus on premium products, Private label products priced at least 10% lower than branded alternatives |
How much funding has Spinneys raised to date?
| Name | Description |
|---|---|
| Funding Amount | USD 1.4 Billion |
| Stage | IPO |
| Latest Valuation | 1.5 Billion (USD) |
| Investors |
What are Spinneys's Core Products?
| Name | Description |
|---|---|
| SpinneysFOOD | A private label offering a range of high-quality food products, including fresh produce, bakery items, and ready-to-eat meals. |
| SpinneysHOME | A private label providing household essentials and home care products designed to meet daily needs. |
| SpinneysWELLNESS | A private label focusing on health and wellness products, including organic and free-from options to support a healthy lifestyle. |
| Fine Food | A premium private label offering gourmet and specialty food items sourced from around the world. |
| Waitrose Private Label Products | Exclusive range of Waitrose-branded products, including groceries and household items, available in Spinneys stores. |
What are the latest developments at Spinneys?
| Date | Type | Description |
|---|---|---|
| 03, 2025 | news | Spinneys opened its first store in Jeddah, Saudi Arabia, at U-Walk Jeddah, expanding its presence in the Kingdom. |
| 10, 2025 | news | Spinneys announced a joint venture with Ayala Corporation to enter the Philippine market, marking its first expansion into Southeast Asia. |
| 02, 2026 | news | Spinneys reported a 13.1% increase in annual revenues, reaching AED 3.6 billion, driven by new store openings and higher online sales. |
| 02, 2025 | news | Spinneys opened a new store in Ain Sukhna, Egypt, marking its 31st branch in the country. |
| 08, 2025 | news | Spinneys entered the Kuwait market through a joint venture with Alshaya Group, planning to open 10 stores starting in 2026. |
What industry awards and recognitions has Spinneys received?
| Date | Type | Description |
|---|---|---|
| , | award | Spinneys was named 'Grocery Retailer of the Year' at the RetailME Awards. |
| , | award | Spinneys received the 'Supermarket of the Year' award from BBC Good Food. |
Spinneys VS LuLu Hypermarket VS Grandiose VS Union Coop VS Carrefour UAE VS Waitrose & Partners UAE : 2026 Comparison
| Feature | Spinneys | LuLu Hypermarket | Grandiose | Union Coop | Carrefour UAE | Waitrose & Partners UAE |
|---|---|---|---|---|---|---|
| Core Strengths | SpinneysFOOD, SpinneysHOME, SpinneysWELLNESS, Fine Food, Waitrose Private Label Products | Fresh Produce, Electronics, Fashion Apparel, Home Essentials, Health and Beauty Products | GrandRose, Cheese Board, Sizzle Grill, Burger Bliss, Grandiosa, NutNest Roastery, Honeycomb Hive to Table, Food Avenue at Grandiose, Grandiose Bakery, The British Butcher Shop, From the Sea | Union Private Label Food Items, Union Private Label Non-Food Items, Coop Private Label Products, Union Farm Organic Products, Tamayaz Loyalty Program | Fresh Fruits & Vegetables, Electronics & Appliances, Bakery Items, Meat & Seafood, Dairy & Eggs, Beverages, Home & Garden, Beauty & Personal Care, Baby Products, Pet Supplies | Waitrose UAE Grocery Delivery App, Waite & Rose Café, Smoke House, Shawarma Station, Make Your Own Salad and Sandwich Counters |
| Founded Year | 1961 | 2000 | 2016 | 1982 | 1995 | 2008 |
| Stock Name/Ticker | SPIN (Dubai Financial Market) | LULU (Abu Dhabi Securities Exchange) | UNIONCOOP (Dubai Financial Market) | |||
| Type | public | private | private | public | private | private |
| Global Employees | 65000 | 201 | ||||
| Revenue (Annual) | $992 Million(2025) | $7.6 Billion(2024) | $500 Million(2025) | $678.2(2024) | $7.2 Billion(2022) | $1.4 Million(2024) |
| Headquarters | Dubai, Dubai, United Arab Emirates | Abu Dhabi, Abu Dhabi, United Arab Emirates | Dubai, Dubai, United Arab Emirates | Dubai, Dubai, United Arab Emirates | Dubai, Dubai, United Arab Emirates | Dubai, Dubai, United Arab Emirates |
| Latest Valuation | $1.5 Billion | $5.3 Billion | $1.1 Billion |
What are Spinneys's official legal and registration details?
| Name | Description |
|---|---|
| Legal Name | Spinneys 1961 Holding PLC |
| Cin number | |
| GST number | |
| Registration number |
Who is in Spinneys's executive leadership team?
| Name | Designation |
|---|---|
| CEO | Sunil Kumar |
| Chairman | Ali Saeed Juma Al Bwardy |
| Chief Financial Officer | |
| Deputy Chief Executive Officer |
Where are Spinneys's primary office locations?
| City | Country |
|---|---|
| Dubai | United Arab Emirates |
| Abu Dhabi | United Arab Emirates |
| Muscat | Oman |
| Riyadh | Saudi Arabia |
What are the current business signals and market intelligence for Spinneys?
| Spending next 3 months | Store network expansion in UAE and Saudi Arabia, Enhancing e-commerce capabilities, Launching 'The Kitchen, by Spinneys' dining concept, Introducing 'Spinneys Swift' hyperlocal e-commerce platform |
| Pain points | Maintaining high standards in customer service and food safety, Efficient supply chain management, Adapting to diverse consumer preferences across regions |
| Sales motion | Direct-to-consumer retail stores, Online grocery delivery services, Partnerships with local businesses for store operations |
| Buyer Persona | Affluent individuals and families, Health-conscious consumers, Expatriates seeking familiar premium products |
| Type of customer | Affluent shoppers, Health-conscious consumers, Customers seeking premium fresh food products |
| Key customer domain | Retail, Hospitality, Foodservice |
| Annual ACV | Average basket size of AED 85.2, Annual revenue of AED 3.6 billion in 2025 |
What is Spinneys's annual revenue history?
| Year | Revenue (USD) |
|---|---|
| 2025 | 992 Million |
| 2024 | 877 Million |
| 2023 | 782 Million |
What are Spinneys's risk management and compliance ratings?
| GDPR RIsk | No |
| Privacy Risk | Yes |
| Company Ratings | |
| Glassdoor Rating |
What are Spinneys's business model and service classifications?
| Saas | No |
| Offline Stores | No |
| Service | No |
| Ecommerce | No |
| Exporter | No |
| Mobile App | No |
| Retail | No |
| B2B | No |
| B2C | No |
| Manufacturing | No |
| Wholesale | No |
| Importer | No |