Pick n Pay to exit Nigeria

Getty Images

The retailer has two stores in Nigeria, having entered the market there less than five years ago

Nqobile Dludla, Bizcommunity.com

October 29, 2024

PHOTO
Plettenberg Bay, South Africa - January 3, 2015: Shoppers entering and leaving a branch of Pick n Pay, one of South Africa's major supermarket and hypermarket chains. Image used for illustrative purpose. Getty Images

South African grocery retailer Pick n Pay will exit Nigeria by selling its 51% share of a joint venture as part of plans to restructure outside of its home market, CEO Sean Summers said on Monday, 28 October 2024.
The retailer has two stores in Nigeria, having entered the market there less than five years ago through a partnership with A.G. Leventis (Nigeria).

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