Shoprite.
South Africa’s Competition Commission has approved the R1. 36bn ($87m) sale of Massmart’s Cambridge Food, Rhino and Massfresh businesses to Shoprite. Massmart will use the proceeds to the sale to pay down debt and invest in its ecommerce offer.
Who owns Cambridge stores?
Cambridge Food is a retail chain powered by Massmart, now the African presence of Walmart International, its majority shareholder.
Which company bought Cambridge?
Shoprite
CompCom backs Massmart’s R1. 36bn sale of Cambridge and Rhino to Shoprite – Moneyweb.
Did Shoprite buy Makro?
JOHANNESBURG – Massmart, which owns Makro and Game, has sold its Rhino and Cambridge food businesses to Shoprite Checkers for R1. 36-billion.
Who is buying Massmart?
Walmart
Coupled with the opportune timing given the weak rand to dollar exchange rate – Walmart would pay roughly $370 million (R6. 4 billion) for the transaction – and you begin to understand the move to purchase Massmart.
Is Debenhams still open in Cambridge?
Debenhams have confirmed the closing date for their department store in Cambridge and 26 other locations across the UK. Debenhams, which has been running for almost 250 years only reopened stores after lockdown ended for a closing down sale, and has announced it will have closed all its stores by May 26.
Who is the biggest employer in Cambridge?
HARVARD UNIVERSITY
2021 Top 25 Employers
| 2021 Rank | NAME OF EMPLOYER | 2021 EMPLOYEES1 |
|---|---|---|
| 1 | HARVARD UNIVERSITY | 11,867 |
| 2 | MASSACHUSETTS INSTITUTE OF TECHNOLOGY | 8,777 |
| 3 | CITY OF CAMBRIDGE2 | 3,564 |
| 4 | TAKEDA PHARMACEUTICALS | 3,368 |
When did Woolworths close in Cambridge?
Thank you for subscribing! Shoppers in Cambridge still regularly lament the loss of the city’s Woolworths, but now the defunct chain could be about to make a comeback. The retail giant, which had an outlet in Sidney Street until it was shut down in 2003, went out of business in 2008 with debts of £400m.
Is John Lewis closing in Cambridge?
Cambridge’s John Lewis store is not among the eight stores the retailer will close, it has been confirmed.
Is Cambridge sold to ShopRite?
Shoprite plans to acquire 56 retail supermarket stores and 43 retail liquor stores operated under the brand names Rhino Cash & Carry, Rhino Liquors, Cambridge Food, and Cambridge Food Liquor, 10 wholesale (Cash & Carry) stores, two wholesale liquor stores; and Massfresh, with two entities – a meat-processing plant
Who replaced Shoprite?
Majid Al Futtaim which runs Carrefour Group of supermarkets across the world has concluded an agreement with Shoprite Checkers Uganda Limited (Shoprite Uganda).
Who is buying Cambridge food?
360 billion. Shoprite is buying Cambridge Food business and Rhino Cash and Carry business (56 grocery stores, including 43 adjacent liquor stores); the Fruitspot business and Massfresh Meat business (four facilities); and 12 Masscash Cash and Carry stores.
Who is the new owner of Shoprite?
Ketron investment
5b in ShopRite’s new owner, Ketron investment. The Bank of Industry (BoI) yesterday invested N3. 5 billion in Ketron investment Limited, a Nigerian company owned by property firm Persianas Investment Limited.
What is Walmart called in Nigeria?
Massmart
Massmart has six outlets in Nigeria. The new stores will be the first Walmart stores in Nigeria.
What is Walmart called in Africa?
Massmart
Massmart is an African retail group that owns brands such as Game, Makro, Builders, Cambridge Foods and more. We have leading market shares in the general merchandise, liquor, home improvement and wholesale food markets in the retail and wholesale stores we operate.
Why did Walmart buy Massmart?
Taking Massmart private may help Walmart cut costs and invest in the company that owns brands including Makro and Builders without the scrutiny that comes with being a public company, it said.
What is replacing Debenhams in Merry Hill?
Bosses at Merry Hill say there is no update on what could replace Debenhams at the Black Country shopping centre. It is a huge space that has remained empty since Debenhams closed for good last year. The department store closed for the final time on May 15, 2021. And the two-floor store has remained empty ever since.
What shop is replacing Debenhams?
Debenhams
| Debenhams’ former flagship store on Oxford Street, London | |
|---|---|
| Fate | Liquidation, folded into Boohoo.com |
| Successor | Debenhams.com |
| Headquarters | 334–348 Oxford Street, London, England, UK |
| Area served | UK Denmark more |
What is Debenhams called now?
Debenhams is adding .com to its name as it reintroduces itself to customers as a digital-only retailer in its first brand campaign since being acquired by Boohoo. The online fast fashion giant took over the Debenhams name and website in January for £55m, but elected not to take on its physical store locations.
How many millionaires live in Cambridge?
Most millionaires per capita of UK towns and cities
| Rank | City | Total Millionaires |
|---|---|---|
| 1 | Maidenhead | 7,923 |
| 2 | Cambridge | 5,742 |
| 3 | London | 329,002 |
| 4 | Cheltenham | 4,112 |
Who is the most famous person from Cambridge?
Here are some of the Cambridge’s Most Famous Residents.
- Stephen Hawking. No list of notable Cambridge residents would be complete without Stephen Hawking.
- Hugh Laurie.
- Emma Thompson.
- Stephen Fry.
- Charles Darwin.
- Richard Attenborough.
- Ian McKellen.
- Alan Turing.