Retail
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Shoprite signals exit from Uganda, Madagascar to focus on profitable home market
SOUTH AFRICA – Africa’s largest retailer, Shoprite is continuing to review its operations outside its home market South Africa, with the retailer classifying its operations…
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Woolworths gets rid of CEO position in South Africa as current head steps down from position
SOUTH AFRICA – Retail giant Woolworths has reviewed its leadership structure for its South African operations and will not retain the CEO role as it…
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Morrisons takeover bid heats up as private equity firm CD&R sweetens offer to US$9.54Bn
UK – The private equity bidding war for UK’s fourth largest supermarket chain Morrisons has taken a new twist after the retailer announced that it has…
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Massmart disposes non-core food units to Shoprite’s Checkers for US$89m
SOUTH AFRICA – Shoprite’s grocery unit Checkers has come to the rescue of South African retailer Massmart, by entering into a deal to acquire the…
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Shoprite to open Africa’s first tech enabled self-service store fostering precision retailing
SOUTH AFRICA – Shoprite, Africa’s largest retailer and a trendsetter in the sector is testing the first of its kind cashier-less store in the region…