Shoprite to exit Nigeria BBNaijaLockdown
South African Company, Shoprite Holdings Limited, says it will auction off its outlets in Nigeria, The Nation has learnt.
The megastore company with presence in virtually all states in Nigeria hinged this decision on the coronavirus pandemic which has disrupted major businesses globally.
“As such, Retail Supermarkets Nigeria Limited may be classified as a discontinued operation when Shoprite reports its results for the year. Any further updates will be provided to the market at the appropriate time.”
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: Shoprite to exit Nigeria
Read more »
Shoprite Initiates Process To Exit NigeriaShoprite Initiates Process To Exit Nigeria
Read more »
ShopRite to exit Nigerian market after 15 years | The Guardian Nigeria News - Nigeria and World NewsSouth Africa’s grocery retailer ShopRite is leaving Africa’s biggest market, Nigeria, 15 years after it opened shop in the West African country. The announcement by ShopRite came months after another South African brand, Mr Price, exited the market. International supermarkets (excluding Nigeria) contributed 11.6% to group sales and reported 1.4% decline in sales from 2018. …
Read more »
BREAKING: Shoprite Begins Process To Exit Nigeria After 15-year | Sahara ReportersBREAKING: Shoprite_NG Begins Process To Exit Nigeria After 15-year | Sahara Reporters International supermarkets (excluding Nigeria) contributed 11.6 per cent to group sales and reported 1.4 per cent decline in sales from 2018. READ MORE:
Read more »
BREAKING: Shoprite to discontinue operations in Nigeria
Read more »
BREAKING: Shoprite to stop operation in Nigeria - Daily Post NigeriaShoprite Holdings Limited, a South African company with hundreds of outlets in Nigeria, says it may not continue operation in the country. The company
Read more »