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Pick n Pay to exit Nigeria

South African grocery retailer Pick n Pay will exit Nigeria by selling its 51% share of a joint venture as part of plans to restructure outside of its home market, CEO Sean Summers said on Monday, 28 October 2024.

By Nqobile Dludla

28 Oct 2024

Source: Reuters/Siphiwe Sibeko

Source: Reuters/Siphiwe Sibeko

The retailer has two stores in Nigeria, having entered the market there less than five years ago through a partnership with A.G. Leventis (Nigeria).

Source: Reuters

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

Go to: https://www.reuters.com/

About Nqobile Dludla

Reporting by Nqobile Dludla; editing by Jason Neely

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