TSC and Spinneys in merger talks. Emirati chain might preserve its name

Negotiations for a merger or buyout are underway between owners of supermarket chains, Spinneys and The Sultan Center (TSC).

TSC is negotiating buying Spinneys, while preserving the Spinneys brand name. "We are still in talks, but have not yet reached a deal," said Firas Hamdan, Commercial Manager for TSC. "TSC is looking to reach some kind of merger but nothing is concrete so far," said Michael Wright, Spinneys CEO. "The deal has been under discussion for over a month," according to a s...

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