by - August 29, 2022 4:37 pm
Walmart will acquire the outstanding shares of Massmart for an estimated $377.6 million, the company announced Monday (Aug. 29). The Bentonville-based retailer already owned 51% of the large Africa retailer….
by - August 5, 2019 12:45 pm
Walmart’s 51% stake in South African retailer Massmart continues to disappoint as the retailer forecast more lower-than-expected earnings across all four of its divisions for the six months ended June…
by - June 11, 2019 3:45 pm
Walmart’s $2 billion investment in the 2011 acquisition of South African-based retailer Massmart has been met with many challenges. The retail giant said much of that relates to the volatile…
by - April 11, 2014 3:43 pm
Massmart, Wal-Mart’s joint partner in South Africa, announced a top management change on Friday (April 11). Grant Pattison resigned as CEO of Massmart Holdings after seven years. Pattison oversaw the…
by - August 22, 2012 8:00 pm
Wal-Mart-owned Massmart Holdings Ltd., South Africa’s biggest food and goods wholesaler, will spend about 2.6 billion rand ($313 million) in the second half of this year and 2013 as it…
