Carrefour plans assault on Shoprite territory
SA giant may have to man the aisles as French grocer plans move into the south
Shoprite's biggest rival on the continent may not be a local business, but a French company, the world's second-largest retailer, as Carrefour carefully plans its expansion into Eastern and Southern Africa. Carrefour has some stores in Francophone Africa, but a report released this week by Bloomberg Intelligence shows that Shoprite's key geographical areas may be under threat as Carrefour plans its strategic entry into sub-Saharan Africa. Carrefour has 331 stores in Africa, and an investor presentation by Majid Al Futtaim, a franchise partner, in March showed that one of the group's strategic priorities is to look at expanding in Southern Africa, including South Africa, for which it has a licence. Shoprite has 417 stores in 14 countries in sub-Saharan Africa, excluding South Africa, as of December 2016. Majid Al Futtaim is Carrefour's partner in the Middle East, Asia and some African countries. Carrefour has already expanded in Francophone Africa through a joint venture with CFAO, a...
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