Who is the real owner of Shoprite?
Who is the real owner of Shoprite?
The Shoprite brand is a popular one both in Nigeria and in many African countries.
What is Shoprite Nigeria?
Shoprite Nigeria is a food retailer in Nigeria. On April 15th, 2021 Shoprite Nigeria was acquired by Persianas at a valuation of $78.74M.
What type of company is Shoprite?
food retailer
Shoprite Holdings Limited is an investment holding company. The Company is a food retailer and wholesaler. It operates in the Republic of South Africa (RSA). It operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture and Other operating segments.
How many Shoprite are there in Nigeria?
25 stores
Shoprite serves as a cost-effective supermarket for all and, with 25 stores across the country, it is relatively easy for most to access one of Shoprite’s stores; yet the advantages of Shoprite stores still aren’t accessible to too many Nigerians.
Who is the new owner of Shoprite in Nigeria?
Ketron Investment Limited
Shoprite Nigeria, a leading food retailer, has been acquired by Ketron Investment Limited, a Nigerian company owned by a group of institutional investors led by Persianas Investment Limited.
How much does the CEO of Shoprite earn per month?
65 million ($492,111) in 2020 to R12 million ($771,400) in 2021. The short-term incentive is linked to the retail behemoth’s performance during the fiscal year, as Engelbrecht’s actual outcome was 112 percent of the target set by the board. Engelbrecht’s total earnings came to nearly R2. 5 million ($161,000) a month.
Who is the owner of Shoprite in Nigeria?
Who is the CEO of Shoprite Nigeria?
The Chief Executive Officer, Pieter Engelbrecht explained: “We are at the approval stage in terms of the sale of our Nigeria supermarket operation. “From here, our capital allocated to the region remains at a minimum and we continue to manage costs as best as we can.”
Who is the owner of ShopRite in Nigeria?
Who is the CEO of ShopRite Nigeria?
Who owns Shoprite franchise in Nigeria?
A Nigerian company, Ketron Investment Limited, has acquired Shoprite Nigeria from the Retail Supermarkets Nigeria Limited, RSNL, owner and operator of the Shoprite stores in Nigeria. Ketron Investment Limited is owned by a group of reputable institutional investors led by Persianas Investment Limited.
What happened to ShopRite in Nigeria?
Following Shoprite’s foray into Nigeria in 2002, the retail chain disrupted Nigeria’s retail space giving ordinary Nigerians a taste of what it feels to shop with family and friends. But the fairy tale was not going to last forever.
Is Shoprite a public or private company?
Shoprite Holdings Limited is a public company listed on the Johannesburg Stock Exchange, with secondary listings on both the Namibian and Zambian Stock Exchanges. The Shoprite Group employs more than 149,000 people and is the biggest private sector employer in South Africa.
Who is the claimant in the Shoprite v Akande case?
In 2011, Nigerian company A.I.C Limited (the Claimant), which is owned by Chief Henry Akande, issued a summons against Shoprite South Africa and its Nigerian subsidiary for an alleged breach of a joint venture agreement (the JV Agreement) allegedly concluded in 1998.
Is there a ShopRite in New Brunswick NJ?
At the time, the chain had eight stores: five in Philadelphia, one in suburban Upper Darby, one in Wilmington, Delaware, and one in New Brunswick, N.J. The Upper Darby store became a ShopRite, and the New Brunswick and Southwest Philadelphia stores have since closed.