Last Updated
Wednesday 20 August 2014, 12:43 pm.
Choppies expanding foothold in Francistown

FRANCISTOWN: Officials at Choppies and Meriting Spar supermarkets have remained tight-lipped over reports that the latter is winding up its business to pave way for the former to open a third store in the city.
By Chakalisa Dube Tue 08 Oct 2013, 00:27 am (GMT +2)
The Monitor :: Choppies expanding foothold in Francistown








The store will reportedly be located at Ngilichi House, the building that currently houses Meriting Spar.

Meriting is a franchise of Spar supermarket. "There is no deal yet. If something happens we will let you know. Just relax until you get the right information. We are still in talks with Meriting Spar owners to use the building to operate our store," Choppies CEO Ramachandran Ottapath told Business Week yesterday.

Reliable sources say Choppies officials inspected the store on Wednesday. Meriting Spar will reportedly have vacated the store building by 20 October 2013. Insiders add that Choppies would have fully occupied the store early November.

Already some stock has been removed from shelves at Meriting, perhaps an indication that the present management is pulling out to pave way for Choppies. Prices of other goods, it is said, will be significantly reduced before October 20 as a tactic to clear stock. "Choppies will rent the building. The building is owned by the owners of Meriting spar," said a source early this week.

Archie Mbakile, Meriting Spar Managing Director, said yesterday, "We are still in talks with Choppies about the possibility of renting the building (to operate their store). Nothing has been finalised yet". The reported takeover has reportedly caused panic among employees who are not certain if Choppies will absorb them all. However sources have said that employees have been well briefed about the impending closure of Meriting Spar.

Choppies currently has one store at Loja Mall in Somerset East Extension and another at Blue Street Shopping Centre on Blue Jacket Street.  Choppies, which is currently listed on the domestic bourse, has over 50 stores in Botswana and others in neighbouring South Africa.



Business
Mon 18 Aug 2014, 12:05 pm
Mon 18 Aug 2014, 12:00 pm
Mon 18 Aug 2014, 11:59 am
Mon 18 Aug 2014, 11:58 am
Mon 11 Aug 2014, 10:37 am
Mon 04 Aug 2014, 16:43 pm
Mon 04 Aug 2014, 14:54 pm
Mon 04 Aug 2014, 14:38 pm
Mon 28 Jul 2014, 17:35 pm
Mon 28 Jul 2014, 17:31 pm
Mon 28 Jul 2014, 17:28 pm
Mon 14 Jul 2014, 15:57 pm
Mon 14 Jul 2014, 15:54 pm
Mon 14 Jul 2014, 15:47 pm
Mon 14 Jul 2014, 15:49 pm
Mon 14 Jul 2014, 15:51 pm
Mon 14 Jul 2014, 15:45 pm
Mon 07 Jul 2014, 07:00 am
Mon 07 Jul 2014, 06:59 am
Mon 07 Jul 2014, 06:59 am
Mon 07 Jul 2014, 06:59 am
Mon 07 Jul 2014, 06:59 am
Mon 07 Jul 2014, 06:59 am
Mon 30 Jun 2014, 07:00 am
Mon 30 Jun 2014, 06:59 am
Exchange Rates
FOREIGN EXCHANGE: Wednesday, 20 Aug 2014
FOREIGN / PULA
PULA / FOREIGN
1 USD = Pula   8.8889
1 GBP = Pula   14.7710
1 EUR = Pula   11.8203
1 YEN = Pula   0.0861
1 ZAR = Pula   0.8323
1 Pula = USD   0.1125
1 Pula = GBP   0.0677
1 Pula = EUR   0.0846
1 Pula = YEN   11.62
1 Pula = ZAR   1.2015
Banner Image