Foodservice
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Burger King sees “huge opportunity” in African markets
Burger King parent company Restaurant Brands International (RBI) has revealed that it is in talks with potential franchisees with a view to expanding its presence in sub-Saharan Africa. According to Daniel Schwartz, CEO of RBI, the fast-food chain is “significantly under-penetrated” on the continent and has a “huge opportunity” to grow. José Cil, president of
2nd January 2019
Categories: Foodservice - SagaRetail News - Consumer - Nigeria
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Starbucks franchisee puts the brakes on South African store growth
Starbucks arrived in South Africa to great fanfare in 2016, but local franchisee Taste Holdings has now halted its rollout of new outlets. There are currently 12 Starbucks cafés in South Africa, up from ten at the beginning of the year. According to Taste Holdings, although its Starbucks’ store network “is profitable at an EBITDA
27th December 2018
Categories: Foodservice - SagaRetail News - Consumer - Retail & Shopping Malls - Kenya - Nigeria - South Africa
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Welcome to “Market 3.0”
Prince Ebeano, a Nigerian supermarket chain with seven branches, is trying to hybridise the modern and traditional retail experiences for consumers in the middle class Lagosian suburb of Lekki.
5th October 2018
Categories: Foodservice - SagaRetail News - Consumer - Nigeria
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Kenyan supermarkets aim higher
With Nakumatt now a shadow of its former self SagaRetail news, rival supermarket chains like Naivas and Tuskys are taking over some of the anchor tenancies it has vacated in such high-end malls as Nairobi’s Capital Centre and seeking to appeal to more affluent consumers.
5th October 2018
Categories: Foodservice - SagaRetail News - Kenya
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Carrefour goes gourmet in Morocco
Having successfully launched the concept in Casablanca, Carrefour franchisee Label’Vie brought the Carrefour Gourmet sub-banner to Rabat during September. Boasting such delicacies as lemon caviar, dwarf carrots, ground cherries and edible flowers, this store concept is squarely targeted at the upper end of the market.
5th October 2018
Categories: Foodservice - SagaRetail News - Morocco
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Shoprite puts Nigerian expansion plans on ice
Having opened its 25th Nigerian store just a few months ago, Africa’s largest grocery retail chain has revealed that it will not be opening any more outlets in the country for the time being.
4th October 2018
Categories: Foodservice - SagaRetail News - Nigeria
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What’s up with Choppies?
On September 21st, Choppies announced that it was to delay publication of its financial results for the 12 months to June 2018, adding that its profits would decline by at least 20% year-on-year.
3rd October 2018
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - South Africa
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Nakumatt loses its last foothold in Mombasa to Naivas
Debt-laden Kenyan supermarket chain Nakumatt has exited the country’s second-largest city, forced out of its last branch in Mombasa after accumulating rent arrears of KES107 million (USD209,000) over 21 months. Earlier this year, it closed its other store in the city. Having once operates 64 supermarkets across three countries, Nakumatt now has a mere six
5th September 2018
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - Kenya
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Small retailers seek government protection from supermarket competition in Senegal
During July, a group of traditional retailers attempted to initiate a boycott of French supermarket chain Auchan’s stores in Senegal under the banner “Auchan dégage” (Auchan out!). They claim that Auchan’s rapid expansion will put them out of business.
5th September 2018
Categories: Foodservice - SagaRetail News - Consumer - Retail & Shopping Malls - Senegal
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Carrefour doubles its Kenyan sales
Majid Al Futtaim, French retailer Carrefour’s exclusive franchisee in Kenya, recorded a 143% increase in its turnover in the Kenyan market during the first six months of 2018.
3rd September 2018
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - Kenya
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