South Africa: Pick n Pay expands into Mozambique
8 November 2010
South African retailer Pick n Pay announced this week that it had signed a franchise territorial agreement with retail franchising group Retail Masters in Mozambique to further extend its African footprint.
According to Pick n Pay group enterprises head Dallas Langman, the group planned to open its first store in March 2011: “We have signed a master franchise agreement with Retail Masters for Mozambique which will provide us with the essential benefit of expert insights into the local market,” he said in a statement this week.
Opening in Maputo, the first Mozambican store will be approximately 3 000 square metres in size. Pick n Pay envisages opening a further three stores before the end of 2011. The first four stores will open in [continue reading]