Shoprite welcomes local investors
The firm, in a statement, said it does not make sense for it to leave the country after over $30billion investment.The statement read: “We have only just opened to Nigerian investors which we have also been talking about to just before now. We are not leaving, who leaves over $30billion investment and close shop? It doesn’t sound right.
A report had earlier suggested that the firm might sell “all or a majority stake” of its business in the country, 15 years after it opened shop.
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 begins moves to leave NigeriaSouth African superstores, Shoprite Holdings Limited, has stated it will auction its outlets in Nigeria, The Nation can report.The decision, it said...
Read more »
UPDATED: Nigerian to take over Shoprite assets | The Nation NigeriaWhen Shoprite leaves Nigeria, its assets will most likely be handed over to a Nigerian.The Nation has confirmed “discussion is ongoing and...
Read more »
Shoprite Initiates Process To Exit NigeriaShoprite Initiates Process To Exit Nigeria
Read more »
Planned Shoprite Exit From Nigeria Triggers Mixed Reactions On Social MediaPlanned Shoprite Exit From Nigeria Triggers Mixed Reactions On Social Media
Read more »
We Are Only Expanding Our Retail Business In Nigeria, Says ShopriteWe Are Only Expanding Our Retail Business In Nigeria, Says Shoprite
Read more »
Shoprite to pull out of Nigeria | Premium Times NigeriaWhile the company's total sales of merchandise may be on the rise, it is struggling outside South Africa.
Read more »