Head Topics

Massmart could shut Game stores in East and West Africa after failing to find buyers

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 67%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Massmart could not find local investors for its Game stores in East and West Africa.

Massmart has informed shareholders that it is considering closing Game stores in East and West Africa after failing to find local investors in those regions.“Massmart initiated a process over a 12-month period to investigate, as a preferred option, the opportunity to sell our East and West African stores to local investors,” stated Massmart.“Consequently, we have initiated potential store closure consultations with our staff members in our Game stores in East and West Africa.

Game said customers could expect at least 10% off, with limited exclusions, going up to markdowns of 40% on select items.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Massmart begins closing East and West African Game storesMassmart is struggling to see the results of its two-year turnaround strategy to fix Game, which was relaunched with a new layout in July
Source: BDliveSA - 🏆 12. / 63 Read more »

Massmart points to likely closure of Game stores in East and West AfricaMassmart, the owner of Makro and Builders, says that plans to sell its Game store portfolio in East and West Africa have not delivered a “meaningful outcome” and will likely all be closed in due course.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Kaizer Chiefs game moved to Cape TownKaizer Chiefs game moved to Cape Town Remember the fan chaos that happened in Stellenbosch this season? A Kaizer Chiefs game is thus moving to Cape Town.
Source: TheSAnews - 🏆 25. / 59 Read more »

ECO SOLUTIONS: Hack to the drawing board – smart tech ups the stakes in Africa’s conservation gameTech-savvy solutions are shaking up the way the continent responds to environmental challenges.
Source: dailymaverick - 🏆 3. / 84 Read more »

Skyrim on Switch: Game crashes when using this popular feature - HypertextThe latest Nintendo Switch port of Skyrim causes a game crash state when players use this highly requested feature.
Source: htxtafrica - 🏆 42. / 51 Read more »