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Tag : ShopRite

Business

Shoprite challenges order stopping assets transfer

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South African retail company, Shoprite Checkers (PTY) Limited, has filed an application seeking the discharge of the mareva injunction stopping it from transferring its assets....
Business Insurance

South Africa retailers feel pain from virus pandemic

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South Africa’s retail industry is feeling the pain from the coronavirus pandemic on two fronts — store closures during lockdown and the sharply reduced purchasing...
Business

Court stops sale of Shoprite operations in Nigeria

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A Federal High Court sitting in Lagos, Nigeria, has made an order stopping Shoprite Checkers (PTY) Limited from disposing of or transferring its assets out...
Business

Shoprite: We are not leaving Nigeria

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Shoprite Nigeria has debunked the story making the rounds that it intends to close shop in Nigeria. The Country Director for Chastex Consult, Ini Archibong,...
Business

Shehu Sani: Shoprite exit good for Nigerian supermarkets

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The former representative of Kaduna Central Senatorial District, Senator Shehu Sani, has said the expected exit of Shoprite from Nigeria will be good for Nigerian-owned...
Business

Shoprite commences process of sale of operations in Nigeria

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South Africa grocery retailer, Shoprite, has announced that it is considering selling all or parts of its Nigerian operations to yet to be named investors....
Business

Shoprite shares rise on higher sales, Nigeria divestment plan

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Shares in South Africa’s Shoprite Holdings shot up over 11% on Monday after it reported higher total sales and said it was considering the sale...
Business

Shoprite announces plans to discontinue operations in Nigeria

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The Board of Africa’s biggest retailer, Shoprite International Limited, has announced plans to discontinue operations in Nigeria after 15 years. This was disclosed in the...
Business

Shoprite exits Nigeria after 15 years

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Africa’s biggest grocery retailer, Shoprite, is exiting the continent’s most populated country, Nigeria, after 15 years. The Cape Town-based retailer has started a formal process...