NIGERIA – In a recent development, a court in Nigeria has issued an injunction to halt the sale of Shoprite assets in the country.

The order, based on a motion filed by Nigerian partners of Novare Investment (PTY) Ltd, owners of Shoprite, comes as the latest episode in a legal dispute that dates back to 2017.

The Claimants – Grand Towers Realty Ltd, Grand Towers Plc, and Nze Chidi Duru – sought the injunction citing ongoing disagreements with Novare Investment (PTY) Ltd over its plans to divest from Nigeria, citing supply chain disruptions and fund repatriation challenges.

The court’s ruling, delivered by Justice Kekemeke, specifically restrains any sale, disposal, leasing, or transfer of the properties and assets associated with various Novare Malls across Nigeria.

This includes malls in Lagos, Abuja, and other locations currently under construction.

This legal development follows Shoprite’s strategic partnership with Glovo, a leading multi-category app in Nigeria.

The alliance, signed in May, aimed to provide consumers with a convenient online shopping experience for groceries and daily essentials. The partnership covered Shoprite stores in Lagos, Abuja, and Ibadan, with plans for expansion.

Glovo’s Chief Strategy Officer, Bunmi Adeleye, expressed that the collaboration aligned with Retail Supermarkets Nigeria’s goal to deliver convenience and quality to customers.

The Head of Q-commerce for Glovo Nigeria, Kolawole Adeniyi, highlighted the ambition to make grocery shopping faster and more convenient for customers, leveraging the partnership with Shoprite.

Lamide Akinola, General Manager of Glovo Nigeria, reiterated the company’s desire to be a top-of-mind multi-category app, providing customers with easy access to Shoprite products.

In addition, the Retail Supermarkets Nigeria Limited (RSNL), trading as Shoprite, was acquired by Persianas Investment Limited and other key investors in May 2021.

The acquisition aimed to optimize visibility for Nigerian-made products and international brands, with RSNL operating 26 outlets across 14 states in Nigeria.

As the legal battle unfolds, the future of Shoprite’s assets in Nigeria remains uncertain, impacting not only the ongoing partnership with Glovo but also the broader retail landscape in the country.