Pick n Pay to Exit Nigerian Market

Pick n Pay to Exit Nigerian Market

South African grocery retailer Pick n Pay has announced its decision to exit Nigeria by selling its 51% stake in a joint venture, as part of its restructuring efforts outside its home market, according to CEO Sean Summers says Reuters. The retailer, which operates two stores in Nigeria, entered the market less than five years ago through a partnership with A.G. Leventis (Nigeria).

October 29, 2024 10

Business / Economics

O&L Group to prioritise local market and employee welfare

Following the Olthaver & List Group's announcement to terminate its franchise agreement with Pick n Pay South Africa by the end of June next year, O&L Executive Chairperson Sven Thieme said that the needs of employees will be a top priority during the transition period. Thieme said the company is shifting towards becoming a more customer-centric and Namibian market-oriented business.

July 24, 2024 78

Business / Economics

3 June 2024 Morning Biz News: Market Insights: Choppies Leads Grocery Affordability, South Africa’s Political Landscape Sparks Market Jitters, Saudi Aramco’s Secondary Share Offering, and Dollar Softens Amid Stable U.S. Inflation

1. Grocery Supermarket Comparison: Choppies Leads Affordability Among the seven prominent grocery supermarkets in Windhoek, Choppies has consistently emerged as the most affordable option for standard groceries. According to recent data from The Brief, Choppies reaffirmed its position in May by offering the most cost-effective basket of standard groceries. The overall basket price decreased by 2.6% compared to the previous month, primarily attributed to a drop in vegetable prices per […]

June 3, 2024 22