Food service, Retail, E-commerce
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US private equity firm CD&R to acquire UK supermarket Morrisons for US$9.5B
UK – U.S private equity firm Clayton, Dubilier & Rice (CD&R) is set to take control of Britain’s fourth-biggest supermarket group Morrisons after winning the auction for…
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Botwana retailer Choppies turns to profitability courtesy of restructuring efforts
BOTSWANA – Botswana based retailer, Choppies Enterprises Limited has gone full circle, bouncing back from a loss in the previous financial year to post a…
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Burger King SA becomes first African fast-food restaurant to serve plant-based meat
SOUTH AFRICA – In a bid to cater to the growing demand for meat-free food options, Burger King South Africa has introduced an array of…
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Simbisa Brands showcases stellar performance on back of efficiency strategies, eyes more growth
ZIMBABWE – Simbisa Brands, one of Africa’s leading Quick Service Restaurant group, nearly doubled its full year revenue for the period ended June 2021 to…
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African Capital Alliance acquires minority stake in Nigerian fast food restaurant owner Food Concepts
NIGERIA – Food Concepts, a leading Quick Service Restaurant (QSR) operator in West Africa has welcomed a new partner in its business to steer it…