Is Shoprite Exiting Nigeria?
16 Year's After It Opened Its First Outlet in Nigeria, Shoprite -- Africa's Largest Food Retailer, Has Sold Its Nigerian Operations to a Company Owned by a...
16 years after it opened its first outlet in Nigeria, Shoprite -- Africa's largest food retailer, has sold its Nigerian operations to a company owned by a group of local investors led by property firm Persianas Investment, Ketron. The buyer intends to shift the giant from an ownership model to a franchise one.
Is Shoprite leaving Nigeria 2021?
The Board of Africa's biggest retailer, Shoprite Holdings Limited, has announced plans to discontinue operations in Nigeria after 15 years. This was disclosed in the company's operational and voluntary trading update that was published Monday morning.
Who bought Shoprite Nigeria?
Ketron Investment Limited, a Nigerian company owned by a group of local investors led by property firm Persianas Investment Ltd, has completed the acquisition of Shoprite Holdings Limited.
Elena Rostova holds a Master's degree in Public Health Journalism. She covers groundbreaking medical research, holistic wellness trends, mental health awareness, and nutritional science.
