The recent decision comes amid a challenging macroeconomic environment, diminished profit margins, and rising operating costs.
Shoprite Nigeria
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Shoprite Nigeria is owned by Ketron Investment Limited, an investment group led by Amusan.
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Ketron is a wholly-owned subsidiary of Persianas Limited.
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Tayo Amusa’s Persianas Property Ltd. is buying Shoprite Nigeria as the South African retailer retreats from other African markets.