BENTONVILLE, Ark. — Wal-Mart Stores last week said it has made a preliminary offer to acquire South African retailer Massmart Holdings for about $4.2 billion, a move that would give the global retailer its first foothold on the African continent. Massmart, based in Johannesburg, operates 290 stores in 14 African countries, with the majority in South Africa. It operates eight different wholesale and retail chains under several different banners, offering general merchandise, electronics, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.