Edcon chief executive Grant Pattison and his team achieved what many critics doubted they could — secure an almost R3-billion lifeline
But the retailer’s recapitalisation plan rests on securing a new investor, and its landlords and lenders being on board.
No image available
/ 11 October 2011
Massmart and the South African Bureau of Standards have signed an agreement to help small businesses improve their product quality.
Massmart Holdings CEO says the South African retailer majority owned by Walmart plans to open 23 new stores in the next eight months.
Walmart’s SA unit Massmart is ready to push down prices and sacrifice margins in pursuit of a bigger market share, its CEO has said.
Massmart’s chief executive said that the group’s management team welcomed the prospect of becoming part of the Walmart family.
Massmart’s CEO admits he would earn a huge payout from a merger with Walmart — but denies staff were retrenched to make the company more attractive.
No image available
/ 24 February 2011
US retailer Walmart’s acquisition of a controlling share in Massmart has attracted more attention than expected, Massmart’s CEO said on Thursday.
The planned purchase of 51% of Massmart by Walmart has its supporters and detractors. Massmart chief executive explains why he thinks the deal is good
In an environment dominated by rising food and fuel prices, retailer Massmart on Thursday announced what it termed ”strong” overall results.