Massive future growth on the cards for Shoprite in Nigeria
Reporting on BD Live, Zeenat Moorad says that, according to Shoprite Holdings' CE, Whitey Basson, the group is planning on expanding to between 600-800 stores in Nigeria in the near future.
For more:
- BD Live: Shoprite plans spree to cater for Nigerians' taste for Moët & Chandon... Basson states that the country "can handle that many stores if you look at the size of the cities and the penetration of supermarkets ..." According to the report Shoprite's "seven stores in Nigeria had sold more Moët & Chandon champagne than all the group's liquor stores in South Africa combined, in the period under review." Quite an interesting statistic... Who knew that Nigerians love bubbly so much? Or perhaps they have a lot to celebrate?
