Majid Al Futtaim Agrees Lease Transfer of Shoprite Stores as it Expands Carrefour Operations in East Africa

Majid Al Futtaim, the exclusive franchisee for Carrefour, has today announced that it has concluded an agreement with Shoprite Checkers Uganda Limited (i.e. Shoprite Uganda) which will see the transfer of Shoprite’s six Uganda store leases to Majid Al Futtaim by end of the year. Majid Al Futtaim currently operates two stores in Uganda, under the banner of Carrefour.  Following the implementation of the agreement, Majid Al Futtaim will expand its footprint to eight Carrefour stores.  “We welcome the opportunity to bring our unique Carrefour offering of unbeatable value, range, international standards to more customers across Uganda”, commented Hani Weiss, CEO…