New CEO Mitchell Slape faces difficult task turning around Massmart
29 August 2019 - 19:27
Retailer Massmart Holdings’s new CEO has his work cut out for him, starting with reversing a situation in which costs have grown faster than sales.
Mitchell Slape, who will begin leading the Walmart-controlled company next week, is charged with turning around a business, which on Thursday reported a first-half net loss of R836m from a year-earlier profit...
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