Price-conscious Pick n Pay weighs up Massmart’s discount chains

Pick n Pay has expressed interest in buying two Massmart discount chains, joining rival Shoprite in exploring a potential deal at a time pandemic-hit consumers are spending warily.

Massmart, WalMart’s SA unit, is selling its Rhino and Cambridge stores as part of a plan to return to profitability. It has already sold eight stores under its Masscash division, which houses Rhino, Cambridge and other cash-and-carry outlets...

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