Saturday , December 5 2020

South Africa’s Mr Price closes Nigerian business

Bloomberg

Mr Price Group Ltd is closing its Nigerian business after volatility in the West African market and as the retailer favors a stronger focus on its home market of South Africa.
The specialist in mid-range clothing, sports goods and homeware has already shuttered four of its five Nigerian stores and expects to close the last one in the coming months, Chief Executive Officer Mark Blair said in a presentation. Nigeria is the third country that Durban-based Mr Price has recently exited, after Australia and Poland last year.

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