Grant Pattison sold Massmart to the world's largest retailer, Walmart in 2011 and by the following year, the retailer's revenue contribution from the rest of Africa was 21.68%. By 2015, it had declined to 12.6%, and Pattison resigned the same year. Despite Pattison's seeming inablity to launch Massmart's rest of Africa business he has been punted to expand Edcon's Africa business and prepare the group for an IPO. Pattison will look to rekindle his facility for strategy and expansion after he was named on Thursday as the future CEO of ailing retailer Edcon, a position he will take up in February 2018. He will act as chief operating officer from June 5. Speaking on the sidelines of Edcon's results presentation this week, Pattison said: "Massmart is in the past and Walmart is in the past. What I did there will have nothing to do with what I do here."He has been on Edcon's board for the past three months as a nonexecutive director and said his expertise in general merchandising would he...
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