SOUTH AFRICA – South African retailer Massmart has delisted from the Johannesburg Stock Exchange following its full acquisition by American…
Read MoreWalmart takes full control of Massmart following US$371m stake acquisition deal
Tag: Massmart
Massmart fails to find potential buyer for East, West Africa-based Game stores, mulls closure
EAST/WEST AFRICA – Restructuring South African retailer Massmart, has started the process of closing its Game stores in East and…
Read MoreShoprite competitors Pick n Pay, Spar not pleased with planned acquisition of Massmart’s assets
SOUTH AFRICA – As Shoprite jubilates advancing its proposed acquisition of Massmart’s units to the Competition Tribunal approval stage, concerned…
Read MoreWalmart doubles down commitment on Massmart, seeks to buy out minority shareholders
SOUTH AFRICA – American multinational retail corporation, Walmart, plans to acquire all of the outstanding shares of South Africa based…
Read MoreMassmart’s Chief Operating Officer Jonathan Molapo to succeed Mitch Slape as Chief Executive Officer
SOUTH AFRICA – As Walmart strengthens its commitment to its South African unit – Massmart, through acquisition of additional stake,…
Read MoreSA retailer Massmart expects bigger loss as half year sales flat
SOUTH AFRICA – Walmart-owned South African retailer, Massmart expects its headline loss in the half year period ended June 2022…
Read MoreMassmart opens second major product-based distribution centre in Johannesburg
SOUTH AFRICA – Walmart-owned South African retailer, Massmart, has opened a new distribution centre at Riversands, Johannesburg as part of…
Read MoreCompetition Commission gives nod for Massmart’s sale of businesses to Shoprite
SOUTH AFRICA – South Africa Competition Commission has recommended the Competition Tribunal to approve the sale of Massmart’s Cambridge Food,…
Read MoreMassmart reports marginal decline in total sales by 1.9% to US$5.4 billion
SOUTH AFRICA – Consumer goods distributor Massmart has reported a 1.9% decrease in total group sales for the 52 weeks…
Read MoreSpur flags doubling of earnings as Covid-19 recovery continues, Massmart expects huge loss
SOUTH AFRICA – South Africa headquartered fast–food chain operator, Spur Corporation, continues to see a steady recovery from Covid-19 restrictions…
Read More