Shoprite sells its furniture business, including OK Furniture and House & Home, to Pepkor.
South Africa's Shoprite has sold its furniture business, including OK Furniture and House & Home, to Pepkor, a discount retailer. The deal, which excludes operations in Angola and Mozambique, involves over 400 stores across several African countries and includes the credit loan book and inventory. Shoprite aims to focus on its grocery core, while Pepkor seeks to enhance its home furnishings presence and expand into underserved regions.
September 03, 2024
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