A merger between Shoprite and Choppies: why not?
Shoprite seems to be circling the distressed retailer for the third time as it looks to consolidate its retail might
Remarkably, for a business that isn’t doing too well, in the past two years Choppies South Africa has been approached by all three big grocery chains about putting together some sort of deal.
Perhaps it was the sense of fragility that enticed them. Less remarkable is that while Spar and Pick n Pay weren’t sufficiently impressed with what they saw, South Africa’s big retail gorilla seems to think there’s potential. Having talked and walked away twice, Shoprite has apparently returned a third time and is close to inking a deal with the previously Botswana-owned retailer. ..
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