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BLUE UPDATE

Shoprite Concludes Term Of Sale For the Disposal Of it’s 100% equity stake in its Retail Supermarkets Nigeria Ltd subsidiary.

Shoprite Group has announced this in its unaudited results for the 26 weeks to 27 December 2020 in which sale of merchandise increased by 4.7% to R83.4 billion while its trading profit increased by 18.3% to R4.7 billion. The Group confirms that the terms of sale have been concluded for the disposal of a 100% […]

Categories
BLUE UPDATE

SHOPRITE DENIES CLAIM OF SHUTTING DOWN IT’S NIGERIAN OPERATION.

Shoprite, Africa’s biggest grocery retailer, has Countered rumours centered on plans to leave Nigeria after 15 years. ICYMI – Earlier it was reported that shoprite is making major moves , to sell out their stake their stake , and end operation in nigeria. The Cape Town-based retailer has started a formal process to consider the potential […]