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Massmart in talks to enter Kenya

Jul 10 2012 15:58 Reuters

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Johannesburg - Retailer Massmart [JSE:MSM] is in talks to enter Kenya, a senior executive said on Tuesday, the latest step by the unit of Walmart Stores to expand its presence in Africa.

“We are in advanced discussions to open a Game store in Nairobi,” said Brian Leroni, a Massmart executive for corporate affairs, without giving timelines.

Massmart currently has about 36 stores outside South Africa, many of those its Game discount retail stores.

Massmart has so far been slow in its African expansion, a year after Walmart, the world’s largest retailer, took a 51% stake in the retailer.

 
massmart  |  kenya  |  wal-mart
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