It’s win-win as Shoprite snaps up Massmart fresh-food assets
Deal will free up Massmart to strengthen its balance sheet and focus on its more successful brands
22 August 2021 - 00:09
Massmart is offloading its loss-making fresh-food assets to Shoprite for R1.36bn in a deal that will free up the Walmart-owned company to strengthen its balance sheet and focus on its far more successful building materials and general merchandising retail brands...
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