Massmart to sell non-core food assets to rival Shoprite Checkers for $89m
Walmart-owned Massmart has agreed to sell its non-core food assets to rival South African retailer Shoprite Checkers for ZAR 1.360 billion ($89.2 million). The sale includes Cambridge Food, cash and carry chain Rhino, and Massfresh, which is made up of produce wholesaler The Fruitspot, and a meat processing facility, along with a dozen Cash & […]