Shoprite Checkers has formed a joint-venture with RTT Group, the delivery partner for its Sixty60 grocery delivery service, to foster more innovation and protect the intellectual property of its new sales channel.
The agreement will cause RTT Group’s on-demand business to be transferred into a new company in which Shoprite Checkers will subscribe for 50% of the issued ordinary shares. Sixty60 will continue to use it as its delivery partner.
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