Choppies sells SA stores for R1
The group has failed to take on established retailers such as Shoprite, Spar and Checkers.
03 December 2019 - 20:20
Food retailer Choppies has sold its stores and distribution centres in SA to Kind Investments for R1, it said on Tuesday.
The embattled company, which has a primary listing on the Botswana Stock Exchange and a secondary listing on the JSE, said SA businesses have been trading at a “substantial loss for the last two years”...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.