shoprite

Shoprite Says Steinhoff Stake Build Won't Hurt Independence

Shoprite Holdings Ltd. won’t let the purchase of a 22.7% stake in the food retailer by Steinhoff International Holdings NV affect its independence an...

Shoprite Profit Rises As South African Stores Prove Resilient

Shoprite Holdings Ltd reported full-year earnings in line with analyst estimates, as Africa’s largest food retailer boosted market share in South Afr...

Steinhoff Plans Africa Spinoff After $3 Billion Expansion

Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following th...

Shoprite Expands In Angola, Eyes Eastern Europe

South African retail group Shoprite plans to invest $571.7 million (€537 million) in Angola to increase its store network in the country. Angola is...

Shoprite's Wiese Says He'll Learn From Failed Steinhoff Talks

Shoprite Holdings Ltd. Chairman Christo Wiese said Africa’s biggest grocer had learned from failed merger talks with Steinhoff International Holdings...

Shoprite Seeks Growth Outside Africa As Steinhoff Talks End

Shoprite Holdings Ltd. will focus on expansion outside Africa after talks with Steinhoff International Holdings NV to create the continent’s biggest...

Steinhoff's Shoprite Talks End As Sides Fail To Agree Terms

Steinhoff International Holdings NV and Shoprite Holdings Ltd. ended talks to create Africa’s biggest retailer after negotiations with shareholders i...

Shoprite Lures Shoppers Seeking S. African Inflation Relief

South African shoppers with limited spending money are turning to low-cost supermarket chains such as Shoprite Holdings Ltd. for cheaper food and eschewing...