Lewis moves to acquire 25 Beares stores
Wednesday, December 09, 2015
Lewis PIC: KABO MPAETONA
According to a press release from Lewis, the acquisition will increase the group’s total store footprint to 786 in southern Africa. Lewis Stores Botswana is a wholly owned subsidiary of the South African company, Lewis Stores (Pty) Ltd.
Competition Authority’s director of communications and advocacy, Gideon Nkala also confirmed they have received the notification and are still studying the facts before making a judgement.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...