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Walmart launch could spell trouble for Shoprite and Pick n Pay
Walmart Inc. wants another shot at cracking the African market. This time, it’s staking its name on it.
About 15 years after the world’s largest retailer got a foothold on the continent with the purchase of a controlling stake in South Africa’s top food and household goods seller Massmart, its failure to gain ground is prompting a change in approach.
[Bloomberg]