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Shoprite insists on sale of Nigerian outlets

Shoprite insists on sale of Nigerian outlets
dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.

Shoprite Holding , Shoprite Holdings , Shoprite Holdings Limited , கடை வைத்திருத்தல் , கடை ஹோல்டிங்ஸ் , கடை ஹோல்டிங்ஸ் வரையறுக்கப்பட்டவை ,

Shoprite insists on sales, discontinuing Nigerian outlets


It said the board decided to formally exit its operations in Nigeria over unfavourable market conditions.
“The Board has decided to initiate a formal process to consider the potential sale of all, or a majority stake, in Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited. As such, RSNL may be classified as a discontinued operation when Shoprite reports its results for the year,” the management said in the update.
Shoprite Holding in the latest publication of its financial report for December 2020 operations, under its non-current assets held for sale and discontinued operations, maintained that in the short-term, “Strategic shifts made with the Nigeria sale and Kenya closures. ....

Shoprite Holding , Shoprite International , Group Nigeria , Retail Supermarkets Nigeria , Shoprite Holdings , Shoprite Holdings Limited , Retail Supermarkets Nigeria Limited , கடை வைத்திருத்தல் , கடை சர்வதேச , குழு நைஜீரியா , சில்லறை பல்பொருள் அங்காடிகள் நைஜீரியா , கடை ஹோல்டிங்ஸ் , கடை ஹோல்டிங்ஸ் வரையறுக்கப்பட்டவை , சில்லறை பல்பொருள் அங்காடிகள் நைஜீரியா வரையறுக்கப்பட்டவை ,

GrubMarket has completed the acquisition of RJ Produce


GrubMarket has completed the acquisition of RJ Produce
US: Fridge No More closes $15.4mln Series A
Fridge No More, an instant grocery delivery service in the U.S., announces the closing of a $15.4mln Series A funding round. This will both enable the cloud grocer to expand operations across New York City and the East Coast, and to establish its leadership position in the instant delivery market. Fridge No More plans to grow their engineering and operations teams while rapidly scaling their network of cloud stores.
US: GrubMarket acquires RJ Produce to further expand in Texas
GrubMarket announced it has completed the acquisition of RJ Produce, a highly reputable and well-established produce wholesaler in Texas. RJ Produce have established deep relationships with growers directly from Mexico and domestically, and is a key sourcing channel for premium fruits and vegetables nationwide. Its branded products are sold at nationwide retailers including many household name ....

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