{UAH} CARREFOUR TO TAKE OVER SIX SHOPRITE STORES.

CARREFOUR TO TAKE OVER SIX SHOPRITE STORES.

Carrefour Supermarket has announced it has reached an agreement to take over six stores currently operated by Shoprite Supermarkets in Uganda as the latter nears exit of the local market by the end of the year.

The six stores set to be taken over are located in Acacia Mall, Village Mall, Victoria Mall, Lugogo Mall, Clock Tower, and Arena Mall.

The transaction will further expand the regional presence of Carrefour whose franchise is held by Dubai-based multinational Majid Al Futtaim.

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"When a man is stung by a bee, he doesn't set off to destroy all beehives"

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