Retail Supermarkets Nigeria Limited, the operator of the Shoprite franchise in the country, has debunked reports suggesting it is leaving Nigeria. The company, in an issued statement yestetday, was reacting to recent reports of empty shelves and temporary closures at some outlets. It explained that the current development was not an exit move but part of a “reset” of its business model aimed at stabilising operations and adapting to prevailing economic realities. It said it was undergoing a turnaround programme backed by new investors to adapt to Nigeria’s economic realities,…
Read More‘Shoprite not exiting Nigeria’, says firm
