Retail
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Egyptian startup connecting retailers to supplier Cartona secures US$4.5 Million Pre-Series A funding round
EGYPT – Cartona, a B2B platform connecting retailers to manufacturers and wholesalers has raised US$4.5 million in a Pre-Series A funding round. The fundraising was…
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Post-Brexit border bottlenecks force British retailer Marks & Spencer to close 11 franchise stores in France
FRANCE – British multinational retailer Marks & Spencer (M&S) will be closing its 11 franchise stores with partner SFH in France over the coming months…
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Bingo moment for Carrefour as it inks lease transfer agreement with Shoprite for Ugandan stores
UGANDA – A golden opportunity for Majid Al Futtaim, the regional franchise holder of Carrefour, to rapidly expand in the retail sector of Uganda’s economy…
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Uganda’s retail sector impacted by exit of foreign investors from the economy
UGANDA – The government of Uganda has launched an investigation into the mass exodus of big foreign companies from the country, the latest being the…
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South Africa’s private label sector now commands US$5 billion of retail sales
SOUTH AFRICA – Despite the COVID-19 pandemic shrinking retail sales, South Africa’s private label (PL) sector has continued its upward trajectory. According to a recent…