Tag Archives: Shoprite

Shoprite Nigeria, Persianas awaiting FCCPC approval on acquisition

Shoprite Nigeria is awaiting FCCPC approval to conclude its sale to Nigerian property development company, Persianas. It was reported last year that Shoprite South African holdings was looking to spin off its Nigerian assets as it moves to decouple struggling businesses outside South Africa. Shoprite also sold off its interest in Kenya. According to sources with knowledge of the matter, ...

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Shoprite’s exit arrangement from Nigerian market at the final stage- CEO

Africa’s retail giant, Shoprite holdings Limited, has revealed that arrangements are top gear to  complete disposal of its Nigerian Subsidiar The South African based retail behemoth had first disclosed its intention to leave the country last year, owing to the streak of losses it made from its investments in Nigeria. After due consideration by the Board of the Group in ...

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Takeover: Staff of Shoprite shut down more than 25 outlets in Nigeria


Shoprite members of staff  have embarked on a nationwide industrial strike action demanding proper information on staff benefits from interested investors who are about to acquire the Nigerian subsidiary of the South African retail outlet. Acccording to the Foundation for Investigative Journalism (FIJ), all 25 outlets of Shoprite in Nigeria have been shut down by workers. The report revealed further ...

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