Choppies’ dreams of expansion collapse
Troubled Botswana-based retail group is to pull out of SA and Kenya, two of the region’s largest markets
Botswana-based Choppies’ ambitions to become one of the biggest food retailers in sub-Saharan African markets are fading as it plans to exit two key markets in the region.
The retailer, which has a primary listing on the Botswana Stock Exchange and a secondary listing on the JSE, was established in 1986 with a single store called Wayside Supermarket in Lobatse, Botswana. It now has more than 200 stores in SA, Botswana, Kenya, Tanzania, Zambia, Zimbabwe and Mozambique...