Going private will be a Massmart game-changer

Going private under Walmart's wing seen as allowing more flexibility in turnaround plan

04 September 2022 - 00:03

By Nick Wilson

After years of reporting losses in the glare of the public eye, Massmart in a surprise move this week announced plans to go private as a fully owned subsidiary of US retail giant Walmart, a move the company and analysts say offers the best chance of turning around its flagging fortunes.

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