Business Maverick: Walmart puts in R6.4-billion offer for beleaguered Massmart

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 84%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

American retail giant, Walmart, which is already the majority 53% shareholder in Massmart, has proposed a R6.4-billion cash, buy-out offer for the shares it does not already hold in the SA-based retailer, a likely prequel to a major restructuring of the...

However, despite the significant investment from Walmart, the company has continued to flounder, posting a 152% increased headline loss of R903.5-million for the six months to the end of June this year. The group’s total loss inched up 4% to a loss of R1.029-billion from a loss of R1.072-billion last year. Margin and inflationary pressure resulted in trading profit from continuing operations declining from R792.1-million last year to R377.3-million during the period under review.

Referring to the potential entry of Amazon in the local market, Massmart’s chief executive, Mitch Slape says there will be competitors that come and go in the market, but Massmart remains focused on driving its own turnaround. “There is no question that Amazon will intensify competition in the market.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

You are indeed a great man to be called, I assure you that I will bring friends to come and invest with you because of the excellent work you did for me, I will keep sharing the good news about you JamesAlderson0

Muhammad Qasim’s dreams talk about a time of prosperity, justice, and peace for Pakistan, and the Muslim ummah. This time will come, but before this many events will occur that will dictate the end of humanity. I think Muhammad Qasim is Imam Al-Mahdi.

Walmart Learning some hard lessons about investing in Africa. If they had half decent advisors they would tell them to cut and run rather than throw more good money after bad

I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Ruthhermoso_ on Twitter She guides me through and i made a return of R155,000 after a week of trading, connect with her

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 3. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Walmart takes Massmart private to revive South African businessWalmart Inc plans to take Massmart Holdings private and will promote the unit’s chief operating officer to head of the company as it prepares to renew its focus on South Africa. Now get rid of game Dear Walmart & USEmbassySA South Africa can kick start its economy by: 1- Remove all racist BBBEE laws 2- Remove all labour law red type 3- Reduce Company Income tax to 22%! NumsaMustFall SaftuMustFall eNCA DStv403 Newzroom405
แหล่ง: BusinessTechSA - 🏆 24. / 61 อ่านเพิ่มเติม »

Massmart appoints new chief executive amid Walmart acquisitionUS retailer Walmart is set to acquire the outstanding shares that it does not already own in South African retailer, Massmart.
แหล่ง: BusinessTechSA - 🏆 24. / 61 อ่านเพิ่มเติม »