Unbelievable! see reason why Shoprite finally leaves Nigeria for good

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According to reporters, after 15 years existence of Shoprite in Nigeria own by a South African man, it has finally left Nigeria.

The abolish of Shoprite in Nigeria was made after winning a war involving three other suitors.

 The other suitors are identified as follows:

Persianas,

Which is under Ketron.

Tayo Amusan

Is the Chairman of Ketron.

Amusan’s property firm and developer Persianas developed the property,

Palms Mall.

He is not the owner of Palms, a popular mall in the upmarket Lekki area of Lagos

The Federal Competition and Consumer Protection Commission has approved a change of ownership, Amusan has announced.

“We are thrilled to complete the acquisition of Shoprite, ensuring the continued operations of one of the biggest retail success stories in Nigeria,” Amusan says.

“We look forward to building an even stronger company following our acquisition and are excited about the greater impact we will achieve to the benefit of our customers and other stakeholders now and well into the future,” he adds.

The business under Amusan will now operate a franchise model as opposed to Shoprite’s ownership model.

Shoprite in 2020, citing the COVID-19 pandemic, logistic difficulties, currency devaluation and Nigeria’s peculiar business environment.

Shoprite, which commenced operations in Surulere, Lagos in 2005, currently operates 25 outlets in 11 Nigerian states and in the nation’s capital city of Abuja.

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