What stores does Massmart own?
Massmart Wholesale comprises Makro, Cash & Carry, Shield, The Fruitspot, Massfresh Meats and Wumdrop. Makro sells Food, Liquor and General Merchandise categories, catering for retail, commercial and wholesale customers.
Is Makro a Massmart?
Retailer Massmart, the owner of Makro and Game in South Africa, says it aims to grow its store footprint over the next five years to generate additional sales. It follows its latest financial performance showing extended losses over the past year.
Who owns South African Games?
Massmart Holdings
Game is a subsidiary of the JSE listed, Massmart Holdings. Massmart is Africa’s third largest distributor of consumer goods, the leading retailer of general merchandise, liquor and home improvement equipment and supplies, and the leading wholesaler of basic foods.
How much of Massmart does Walmart own?
Discount retailer Wal-Mart (NYSE: WMT) said Monday it has offered to acquire 51% of Massmart Holdings (JSE: MSM), a retail chain in South Africa, for ZAR148.
Who bought Massmart?
Walmart
– JSE:SHP. Massmart is selling its non-core food assets to rival Shoprite Holdings for R1. 36 billion to focus on businesses with high returns, the South African retailer controlled by Walmart said on Friday.
Who is the owner of Massmart?
Main Street 830 (Pty) Ltd
Massmart/Parent organizations
Who is the CEO of Massmart?
Mitchell Slape (Sep 1, 2019–)Massmart / CEO
Who owns Makro in South Africa?
Massmart Holdings Limited
Massmart Holdings Limited (JSE: MSM) is a South African firm that owns local brands such as Game, Makro, Builder’s Warehouse and CBW. It is the second-largest distributor of consumer goods in Africa, the largest retailer of general merchandise, liquor and home improvement equipment and wholesaler of basic foods.
Is Shoprite buying Massmart?
Shoprite acquires Massmart’s non-core assets to bolster its low-price position. Shoprite, Africa’s biggest retailer, said on Friday that it would acquire Massmart’s wholesale and retail chains for R1. 4 billion, beating rival Pick n Pay to the deal, and bolstering its leading position in the discount retail market.
Who owns Game and Shoprite?
36 billion. Makro and Game owner Massmart has announced the sale of several non-core businesses to the Shoprite Group for R1.