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SOUTH AFRICA –Massmart, Walmart’s subsidiary in South Africa, has appointed Mohammed Abdool-Samad as the chief financial officer effective August 1 2019, reports Business Day. Abdool-Samad who is currently the chief finance officer at Illovo Sugar, […]
KENYA – Kenya based retailer, Uchumi Supermarkets, has unveiled plans of franchising more of its branches across the country in a move that aims at enabling the retailer recover its performance and grow its business. […]
SOUTH AFRICA – Pick n Pay, second largest retailer in South Africa has reported 9.6% growth in its annual turnover for the financial year to the end of March 2019 despite declining consumer spending which […]
ZIMBABWE – International retail giant Pick n Pay has opened a new branch in Zimbabwe as it continues to pursue ambitions of growing its footprint in the country by launching more stores. Located in Victoria […]
INDIA – Jubilant FoodWorks, the operator of the fast food restaurants Domino’s Pizza and Dunkin’ Donuts has entered into Chinese fast casual segment by launching its first own-brand ‘Hong’s Kitchen’. Hong’s Kitchen has opened its […]
SOUTH AFRICA – Shoprite Holdings, a leading South African retailer, has unveiled plans of repurchasing its shares form the group’s chairperson, Christo Wiese, as it seeks to enhance transparency among its shareholders. Shoprite said that […]
SOUTH AFRICA – South Africa’s leading retailer, Shoprite reported growth in sale of merchandise to US$5.47 billion, a 0.2% increase, during its half year period ending 30th December 2018 while trading profit fell 15% to […]
USA – Ecommerce giant, Amazon has appointed Indra Nooyi, former PepsiCo Inc. Chief Executive Officer to company Board of Directors, making her the fifth woman on Amazon’s eleven-member board. She is also the second woman […]
KENYA – Kenya retailer, Ukwala Supermarkets has applied to the court for the permanent closure of business revealing that it was unable to finance its nearly US$10 million accumulated debts, reports Business Daily. Ukwala director […]
USA – American chocolate manufacturer, The Hershey Company has announced new sustainability commitments and initiatives in resolve to protect the environment from industrial practices. The company has joined the Science Based Targets initiative, part of […]