The company that runs the Shoprite franchise in Nigeria, Retail Supermarkets Nigeria Limited, has denied rumors that it is about to leave the country. In response to recent allegations of empty shelves and temporary closures at certain stores, the firm released a statement on Friday. It clarified that the present development was a “reset” of its business model meant to stabilize operations and adjust to the current economic reality, rather than an exit strategy. It claimed to be going through a turnaround program supported by fresh investors in order to…
Shoprite not exiting Nigeria, says firm
