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Nairaland Forum / Nairaland / General / Business / Shoprite: Insider Shares Details Of The Corporate Restructuring (38272 Views)
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Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Dadaboy: 8:37pm On Aug 03, 2020 |
Buddy0:It’s like suffering has blocked your common sense. 4 Likes |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by frog12: 8:37pm On Aug 03, 2020 |
GOING, GOING, GONE. they will leave sooner or later. they are just denying. this is how they start. 3 Likes |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by sonnie10: 8:39pm On Aug 03, 2020 |
When shoprite started, we all knew that my Aba, Onitsha and Alaba brothers would outsmart them in the business. 1 Like |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by zoedew: 8:46pm On Aug 03, 2020 |
The difference between five and six is easily discernible! Who wants to buy into a company that has a $10million court of appeal judgment against it. They are sure to lose at the Supreme Court. |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Dharmiejoe(m): 8:52pm On Aug 03, 2020 |
It's very obvious even to the blind man that the average Nigerian purchasing power has dwindled drastically especially during this covid 19 period therefore many multinational will witness a sharp decline in sales. Smart move from the company to handover their assests but relinquishing it to an indigenous company spells doom for Shoprite as a brand with inflated prices. 1 Like |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by joyandfaith: 8:53pm On Aug 03, 2020 |
zoedew:tell me more. 1 Like |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Nobody: 8:54pm On Aug 03, 2020 |
The South African community in Nigeria has been a close kitted one, even before COVID 19 gave everyone a good punch most South African companies were already planning exist strategies.My worries is what they see in our economic that we are not seeing or taking note of that might smell doomsday for us. I just hope MTN and Multichoice are not planning same that would be a final nail on the coffin.All I know we need to start taking proactive steps,reduce our external debts and exposure to China Trojan loans. 2 Likes |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Ikennamurphy: 8:56pm On Aug 03, 2020 |
sylve11:Hahahahahahahahahahahhaa .. You made me laugh so hard.. Nothing actually works so fine being managed by Nigerians.. Most are opportunists |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by tot(f): 8:58pm On Aug 03, 2020 |
Dadaboy: Completely 1 Like |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by vickydevoka(m): 8:58pm On Aug 03, 2020 |
ProfAmaben:Which mudu Na Jos mudu or maiduguri mudu be 800. |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by zoedew: 9:02pm On Aug 03, 2020 |
joyandfaith:https://thenigerialawyer.com/appeal-court-affirms-10m-damages-against-shoprite-group/ 1 Like |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by abdulkayus(m): 9:09pm On Aug 03, 2020 |
sonnie10: And how did they outsmart them? 2 Likes |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by loadedvibes: 9:14pm On Aug 03, 2020 |
This comment deserve gold star ProfAmaben: 3 Likes |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Noneroone(m): 9:21pm On Aug 03, 2020 |
looks like sponsored write up. |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Nobody: 9:27pm On Aug 03, 2020 |
ayenale1:You've been noticed, okay |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Correcto: 9:27pm On Aug 03, 2020 |
Since the loss of MRBiggs, do you know how many eateries has been established? sylve11: 2 Likes |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by ProfAmaben(m): 9:33pm On Aug 03, 2020 |
vickydevoka: The normal round white mudu, didn't know there is a variation of mudu. A mudu of local rice was sold for 800 naira yesterday. |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by DrFunmisticGlow: 9:42pm On Aug 03, 2020 |
ProfAmaben:what is a mudu? |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Nobody: 9:43pm On Aug 03, 2020 |
They will change |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Nobody: 9:46pm On Aug 03, 2020 |
Don't mind the naysayers. Nigerians are good business people and we understand our own terrain well. If only the average Nigerian worker could be more dedicated and honest Correcto: |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by 1759ademola(m): 9:46pm On Aug 03, 2020 |
I know for a long time that Nigerians cannot benefit from anything managed or produced by Nigerians. Look at Rice, fuel, and even cement. |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Litmus: 9:48pm On Aug 03, 2020 |
Correcto: No mind them. The image they want to paint of Nigeria to the World is not matched by reality on the ground. Brainwashing works for a time but reality prevails in the end. |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by Nobody: 9:50pm On Aug 03, 2020 |
Some one should summarize this I like the part of property development guy |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by leaculpa: 9:51pm On Aug 03, 2020 |
Power couple. He is a property developer but his wife is already into retail. She owns the franchise's of Puma, Hugo boss & lacoste in Nigeria. I wish them good luck with the purchase. Hopefully they retain the company's management. |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by ashawopikin(m): 9:57pm On Aug 03, 2020 |
I go miss their bread |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by lastempero: 9:58pm On Aug 03, 2020 |
LegendHero: Shoprite will retain their management n brand so they want use the man as a labourer. 1 Like |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by CodeTemplar: 10:04pm On Aug 03, 2020 |
ProfAmaben:And how much did it cost before. |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by omohayek: 10:05pm On Aug 03, 2020 |
All I see here is corporate spin, designed to disguise the reality that the initial story was correct: ShopRite has decided that the Nigerian market simply isn't worth the trouble, and is taking steps to withdraw within the next year. They've tried to wrap it up in the usual meaningless "patriotic" guff that Nigerians have such a weakness for, but the harsh truth here is that this represents a divestment of one of the few substantial foreign investments in Nigeria outside the oil sector. That the withdrawal is meant to take the form of a divestment of shares rather than the physical closing of stores doesn't change the reality: companies that are successful in a market and bent on cultivating it will wish to buy out other shareholders rather than sell off their own majority stake. This sort of capital flight is no more beneficial to the Nigerian economy than was Gowon's chasing away of FDI in the 1970s, or the collapse of the likes of Bata and Leventis in the 1980s. 7 Likes 1 Share |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by ProfAmaben(m): 10:07pm On Aug 03, 2020 |
CodeTemplar:300 for local, 600 for foreign rice (2019) 800 for local, foreign (Banned) (2020) |
Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by ProfAmaben(m): 10:08pm On Aug 03, 2020 |
DrFunmisticGlow: There you go.
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Re: Shoprite: Insider Shares Details Of The Corporate Restructuring by akigbemaru: 10:19pm On Aug 03, 2020 |
sylve11: |
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