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Clicks Group to Acquire Sorbet Beauty Salons

Health and beauty retailer Clicks Group is to acquire Sorbet Holdings, the owners of the national chain of Sorbet beauty salons, for R105 million. The Sorbet Group is a beauty salon franchise chain of over 190 outlets across South Africa, operating under the Sorbet (all-round beauty therapy), Sorbet Man (men’s …

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Nestlé Partners With Africa Food Prize to Strengthen Food Security and Climate Change Resilience

Nestlé announced today that it is partnering with the Africa Food Prize to help accelerate the transformation of food systems in Africa, as a way of strengthening the continent’s food security and building greater climate change resilience. The Africa Food Prize awards USD 100,000 to individuals and institutions that are …

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Pick n Pay Launches Online Homeware Store

Pick n Pay Home offers new and exclusive online-only products and customers get an impressive new Smart Shopper benefit Customers across South Africa will now be able to shop online at a brand-new Pick n Pay Home shop for a range of exciting new products that will only be available online. The …

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Jumia Announces Leadership Changes to Support its Journey Towards Profitability

New leadership appointed with a plan focused on path to profitability and e-commerce fundamentals Jumia Technologies AG (NYSE: JMIA) (“Jumia” or “the Company”) today announced the appointment of a new Management Board and Acting CEO, while Jeremy Hodara and Sacha Poignonnec, Co-CEOs, will be stepping down effective today. The Supervisory …

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Checkers Rolls Out New Trolleys Made From Hundreds of Recycled Milk Bottles

Checkers is rolling out new shopping trolley baskets made from 100% recycled plastic – mostly old milk bottles – thereby diverting more than 40 tons of recyclable material from landfill. The retailer’s trolleys have contained at least 35% recycled content since 2018. Now it is the first major South African retailer …

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It’s All Systems Go for Black Friday: The Shoprite Group Gears Up for Shopping Event of the Year

Customers can rest assured, there will be no crashing trolleys, apps or e-commerce platforms this Black Friday at the Shoprite Group. The world’s biggest shopping event is around the corner and the Group has all systems ready for action ahead of this retail extravaganza. The Group continues to explore innovations that are …

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L’Oréal, World’s No.1 Cosmetics Brand, Finally Debuts in Nigeria Through KongaHealth

L’Oréal, the world’s leading beauty company, is set to finally launch in the Nigerian market after an exclusive distribution agreement was signed with KongaHealth, a leading healthcare distribution company early last week. Headquartered in Paris, France, L’Oréal would be making a grand entry into Nigeria, with feelers indicating that the …

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In a Sea of Online Shopping, Retail Must Prepare for a Phishing Frenzy

As South African shoppers and retailers prepare for Black Friday and the festive season, cyber criminals are casting increasingly wider – and more sophisticated – nets. Gilchrist Mushwana, Director at BDO South Africa and Head of Cybersecurity Service Line, discusses phishing and what retailers must do to guard against this …

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Black Friday Set to Surpass Christmas Sales

With the imminent arrival of the Black Friday promotion frenzy, NielsenIQ has analysed the dominance of this shopping phenomenon and found that Black Friday was bigger than the traditional festive season purchase week in December 2021.  In fact, during Black Friday, more than half the volume of all FMCG products …

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Investment in Leading Tunisian Snacks Producer and Creation of New North-African Fast-moving Consumer Goods (FMCG) Platform

The investment is consistent with Admaius’s strategy of investing in African FMCG companies positioned to benefit from growing incomes and increasing demand for products tailored to meet local needs  Admaius Capital Partners (www.Admaius.com), a leading pan African private equity house, (“Admaius”) announces that, via a subsidiary of the Virunga Africa …

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