Massmart to sell 14 more Masscash stores
The owner of Game says Covid-19 restrictions have cost it R6bn but it is continuing its turnaround drive
19 February 2021 - 08:45
UPDATED 19 February 2021 - 15:14
Massmart, which has brands that include Makro and Game, intends to sell an additional 14 Masscash stores as it continues a turnaround drive and grapples with a R6bn sales hit from Covid-19.
The company, which is owned by the world’s largest grocer, Walmart, announced a turnaround plan in January 2020 as well as the potential closure of 34 DionWired and Masscash stores, ultimately opting to dispose of 11 of the latter...
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