A merger between Shoprite and Choppies: why not?

Too ambitious: Choppies lost money here because it expanded too far and too wide from its base. Picture: Bloomberg/Waldo Swiegers

Perhaps it was the sense of fragility that enticed them. Less remarkable is that while Spar and Pick n Pay weren’t sufficiently impressed with what they saw, South Africa’s big retail gorilla seems to think there’s potential. Having talked and walked away twice, Shoprite has apparently returned a third time and is close to inking a deal with the previously Botswana-owned retailer.

This view is shared by independent retail analyst Syd Vianello, who says Choppies lost money here because it expanded too far and too wide from its base. “It had to send a delivery truck long distances to service just one store; it didn’t make sense.”

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

A merger between Shoprite and Choppies: why not?Shoprite seems to be circling the distressed retailer for the third time as it looks to consolidate its retail might.
แหล่ง: FinancialMail - 🏆 20. / 63 อ่านเพิ่มเติม »

COVER STORY | MTN is back | BusinessAfter a difficult few years, MTN has come roaring back, more than doubling its market capitalisation in the last year. finweek takes a look at what can be expected from the company going forward, in our latest cover story.
แหล่ง: finweek - 🏆 19. / 63 อ่านเพิ่มเติม »

A merger between Shoprite and Choppies: why not?Shoprite seems to be circling the distressed retailer for the third time as it looks to consolidate its retail might.
แหล่ง: FinancialMail - 🏆 20. / 63 อ่านเพิ่มเติม »