EXCLUSIVE: Carrefour set to acquire Shoprite’s operations in Uganda With some sources saying the deal to acquire the operations of troubled Shoprite Uganda closed, one wonders if it is early to ask the question, has Carrefour failed to learn from Shoprite’s over expansion mistakes?
Shoprite has eventually confirmed its exit from the Ugandan market after 20 years of operation. Courtesy photo
Majid Al Futtaim, the Franchise holder for French Supermarkets giants in the Middle East, Africa, and Asia is finalising talks with South Africa’s Shoprite Group to acquire the Shoprite business in Uganda, CEO East Africa Magazine can exclusively confirm.
Shoprite has 5 stores in Uganda and a sixth was on its way at the newly constructed Arena Mall in Nsambya, on the Eastern outskirts of Kamp