Retail
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Massmart eyes majority stake in delivery service provider OneCart to bolster eCommerce capabilities
SOUTH AFRICA – Walmart-owned South African retailer, Massmart has reached agreement to acquire 87.5% of the issued shares in OneCart. This is in line with…
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SA retailer Pick n Pay, Standard Bank unveil cashless, easy paying mode for customers
SOUTH AFRICA – South African retailer Pick n Pay has partnered with Standard Bank to foster easy, faster and convenient mode for customers to pay…
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Kenyan retailer QuickMart fuels expansion plans, opens 46th outlet
KENYA – QuickMart, Kenyan retailer majority owned by Mauritius-based private equity firm Adenia Partners, has opened a new branch in Kisii town as part of…
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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…