International supermarkets (excluding Nigeria) contributed 11.6% to group sales and reported 1.4% decline in sales from 2018. South African operations contributed 78% of overall sales and saw 8.7% rise for the year.
The company said it has been approached by potential investors willing to take over its Nigerian operations. It said it considering an outright sale of its operation or selling a majority stake in its Nigerian subsidiary.
“As such, Retail Supermarkets Nigeria Limited may be classified as a discontinued operation,” ShopRite said in a statement on Monday.
from Guardian
Bye bye o ,goodbye o
ReplyDeleteAiit but who cares?
DeleteNigerians, sure you people are happy now?
ReplyDeleteNow you can shop in your Ogbete and Ojuelegba markets in peace.
Next will be MTN.
πππππππππππππ
Mayor and Kenyetta nkα»? ππ
DeleteThey should go abeg. They were killing indigenous markets. Mtn should go n dstv too
DeleteTwale Isaac baba! Guys pasa n'ogbee
DeleteEyah... We will miss you o!
ReplyDeleteThey should greet Zuma for me.
ReplyDeleteLet me give them (both ShopRite and potential investors) my own π as well. I hope this is not another means of diverting public funds. We dey here dey look na.
ReplyDeletewhat about those who would be unemployed??
ReplyDeleteThis is what I thought of first. It's sad
DeleteThis news won’t go well with my daughter oo.. Beat her and promise to take her to ShopRite, she no go cry. Ewooooooo
ReplyDeleteNa to dey tell her you go take her to domino's now o.. ππ
DeleteStill mention shoprite as we still dey mention Nepa.
DeleteThere's Justrite too
DeleteGood riddance..bye Felicia!
ReplyDeleteI feel for those hundreds of people adding to our unemployment rate. I just hope our politicians will put the money they stole in good use by taking over this grocery shop and retain the workers
ReplyDeleteU sure?? My dear na 2nd slavery and trust me mismanagement will enter it..
DeleteRead the message well again. They said they want to “sell” their Nigerian outlets either as a whole or part. Means some other company will buy it and run the same outlets. So I don’t anticipate any massive job loss. Even if an established Supermarket buys it up, they will still need majority of the staff there to run the outlets
DeleteOk.
ReplyDeleteOk, noted.
ReplyDeleteAgain?Why na?
ReplyDeletehmmmm...
ReplyDeleteNo wahala. We have our own HOKbrand. and other indegenous stores.
ReplyDeleteWell, they have done enough.
ReplyDeleteWe are better off without them.
ReplyDeleteWont really miss them,I cant even remember the last time I visited shoprite..I'm sure it's not up to 4 times since inception I'm Nigeria
ReplyDeleteHmmm, people seem happy but this is not good for us at all. This just tells potential investors to apply caution and consider other options before investing in Nigeria.
ReplyDeleteMultichoice, MTN, stanbic, up next....lol
ReplyDeleteAbeg o.These ones are high employers of labour abeg. They can sell it off to indigenes.
DeleteThey are not leaving, they’re just changing management.
DeleteThis is not good..What will happen to the teeming youth that will be pushed to the labour market? I dont know why all of a sudden everything in Nigeria is failing like a domino effect..Jesus!
ReplyDeleteThey are selling to investors who may wish to carry on business as usual.
DeleteNigeria is a terrible place to invest in..
ReplyDeleteEspecially when the government in power is "Buhari"..
That was the same way that Leventis & Kingsway left the country during Buhari regime..
In this life, you cannot give what you don't have
Chizzy j
I want Multi- choice to join them since they have refused to adopt the "pay as you go" payment plan...
ReplyDeleteThese South African companies have been ripping Nigerian markets off..
Bye Felicia, don't let the door hit you!!
They are selling to investors and this is very good.
ReplyDeleteNigerians should buy it from them completely and change the name too.
Let it be completely Nigerian own.
Just like Ebeano and co.
DeleteWhatever suit their ass...
ReplyDelete