S.Africa's Woolworths expands Zambia shareholding - CNBC Africa

S.Africa's Woolworths expands Zambia shareholding

Southern Africa

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David Jones is one of the brands under the Woolworths banner. PHOTOS: Pilot Africa/Antoine & Stanley

“This acquisition of our Zambian business is another important step in investing in our African business and will enable us to ensure we deliver the same brand experience to all our customers,” Paula Disberry, Woolworths group director of retail operations, said in a statement.

[DATA WHL:Woolworths] is a retail chain store group based in South Africa with over 400 stores. Zambia currently has four Woolworths stores, and there are plans to open additional stores in Lusaka, Kitwe and Solwezi in the next two years.

(READ MORE: Woolworths group sales rise 14.4%)

“Our focus is to become the favourite retail destination for our Zambian customers by providing a fabulous shopping experience, offering high quality products at prices which are surprisingly affordable,” Woolworths explained.

The group’s Africa presence includes 61 corporate stores in 11 countries outside of South Africa, including in Botswana, Namibia, Ghana, Kenya and Mauritius.

(READ MORE: Woolworths to acquire Australia's David Jones)

Woolworths also recently concluded its acquisitions of Country Road and David Jones, two Australian clothing retailers. 

 

 

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