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|Shoprite Is To Be Taken Over By Nigerian Company – Saka by murecool(m): 11:24am On Aug 03, 2020|
Contrary to news trending on the social media, an employee of Shoprite has debunked the claims that shoprite is leaving Nigeria. Mr. Adeyinka saka while responding to a tweet, said the megastore is to be sold to an indigenous retail company.
“Don’t get it twisted Sir, I am currently working as a store manager in one of the stores at Ikeja City Mall.
“It is being taken over by an indigenous retail coy. Nobody is losing his/her job however, there will be a change in management,” Saka said.
On Monday, the Shoprite Holdings Limited, said in a statement that it will auction off its outlets in Nigeria.
The statement partly read:
“Following approaches from various potential investors, and in line with our re-evaluation of the Group’s operating model in Nigeria, the Board has decided to initiate a formal process to consider the potential sale of all, or a majority stake, in Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited.
“As such, Retail Supermarkets Nigeria Limited may be classified as a discontinued operation when Shoprite reports its results for the year. Any further updates will be provided to the market at the appropriate time.”
|Re: Shoprite Is To Be Taken Over By Nigerian Company – Saka by greatmarshall(m): 11:28am On Aug 03, 2020|
|Re: Shoprite Is To Be Taken Over By Nigerian Company – Saka by thesicilian: 11:33am On Aug 03, 2020|
Mergers and acquisitions occur in business all the time. Sometimes it's done silently, other times it's broadcasted. The employees and customers should be ready to adapt to the new management.
|Re: Shoprite Is To Be Taken Over By Nigerian Company – Saka by fatboyebele(m): 12:20pm On Aug 03, 2020|
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