US EditionNafcoc reveals plans to acquire stake in Pick n Pay
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Nafcoc reveals plans to acquire stake in Pick n Pay
The National African Federated Chamber of Commerce and Industry has embarked on a study to gauge the possibilities of acquiring a sizeable stake in grocery chain store Pick n Pay. Nafcoc unveiled the plan after Pick n Pay earlier this year announced that it had closed 24 company-owned stores and eight franchise stores and converted five company-owned stores into franchise outlets as part of its turnaround strategy. Nafcoc secretary general Ric…
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