Tag: baby city

Dis-Chem defers annual dividend, unveils plans for 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.

Baby City gets new parents in R430mn deal

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.

DisChem Pharmacies CFO on the acquisition of Baby City

Rui Morais, CFO at DisChem Pharmacies joins CNBC Africa to discuss its acquisition of Baby City.