Shoprite Begins Process To Exit Nigeria After 15 Years
Автор: SaharaTV
Загружено: 2020-08-03
Просмотров: 3304
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South Africa’s grocery retailer, ShopRite, is leaving Nigeria 15 years after it opened shop in the West African country.
Shoprite opened its first store in Lagos in December 2005.
In a trading update filed at the Johannesburg Stock Exchange on Monday morning, the retail giant said it was planning to discontinue its operations in Nigeria.
International supermarkets (excluding Nigeria) contributed 11.6 per cent to group sales and reported 1.4 per cent decline in sales from 2018.
South African operations contributed 78 per cent of overall sales and saw 8.7 per cent rise for the year.
The company said it had been approached by potential investors willing to take over its Nigerian operations.
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![[Business Nigeria] Shoprite Concludes Arrangement To Exit Nigeria By Year End 2021](https://imager.clipsaver.ru/HYi2yEsI4KE/max.jpg)
