Tag
PICK 'N PAY
While the Nigerian government celebrates recent multi-million dollar investments in the country, several multinationals have also left Nigeria by either divesting their operations in the country or selling their stakes to new investors.
South African grocery retailer Pick n Pay is set to exit the Nigerian market by selling its 51% stake in a joint venture, as part of a broader restructuring strategy outside its home market, CEO Sean Summers announced on Monday as reported by Reuters.
Despite Pick ‘n Pay’s entry via partnership, we are curious about how they plan to tap into the ‘Nigeria opportunity’ differently.