Watching the recent full-year results presentation by Massmart, one was left with the impression that the dream of being the pre-eminent African retailer that was articulated in 2010 when Walmart bought control of the company, has now all but evaporated.
Massmart appears to be in survival mode, selling off assets and streamlining the business. The Covid-19 pandemic hasn’t helped but Massmart was in trouble long before it arrived. ..A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Can massmart buy it back from Walmart and exit these USA aholes...
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