South African Giant Shoprite Sells Its Stores In Nigeria

Shoprite, one of many largest grocery store chains in Africa, and has determined to promote its shops positioned in probably the most populous nation on the continent.

After 16 years in Nigeria, the South African large Shoprite has simply introduced the sale of its supermarkets within the nation to native traders. The 25 shops that the group owns in Nigeria will due to this fact grow to be franchises.

With this sale, Shoprite turns into the newest South African firm to depart Nigeria prior to now ten years. Different teams like Woolworths or Mr Worth had carried out the identical just a few years in the past, specifically, due to the difficulties within the provide chain and for the repatriation of funds.

In 2020, the Shoprite Group employed greater than 141,000 folks in practically 3,000 shops throughout the African continent.

The article was initially printed on Nigeria News

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