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'Moving in the right direction' - how Spar's new chairperson plans to put out fires

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Some retailers says Spar provided them with overly optimistic estimates of how well their stores would do.
Some retailers says Spar provided them with overly optimistic estimates of how well their stores would do.
Supplied

Spar's board will investigate changing the way it shares financial information of stores with prospective buyers "as a matter of urgency", its newly appointed chairperson has said. 

"It's something that we at Spar are looking at. What information is being provided, and on what basis is it provided," said Mike Bosman.

Bosman, who is also the chair of Spur, was appointed Spar chair on 15 December following the resignation of Graham O’Connor. A month later, the retailer's CEO Brett Botten also announced his resignation. 

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