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...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now