Tag: baby city
Dis-Chem has deferred its final dividend, opting to preserve cash in light of the uncertainties of Covid-19 and to potentially use the money to fund its R430 million acquisition of Baby City.
It’s the end of an era for the Aronaff family business Baby City, but the birth of a new one for pharma retailer Dis-Chem. After 26 years of operating the one-stop baby shop, the Aronaff family have agreed to sell all 33 Baby City stores to Dis-Chem for R430m. Michel Aronoff, Managing Director of Baby City joins CNBC Africa for more.