Pick 'n Pay's Score takeover continues

Friday, March 26, 2010

Pick 'n Pay Botswana's multi-million pula takeover of Score in Botswana continues this year with an additional three supermarkets set to join the retail giant's fold, bringing to six the number of Score branches taken over and transformed thus far.

Pick 'n Pay is rolling out its award-winning franchise in Botswana, with the winning franchisees taking over the 11 Score Supermarkets and expanding the South African company's brand and presence in the country.

Each branch transformation costs between P5 million and P6 million and is financed through a complex arrangement involving guarantees by Pick 'n Pay, funding from First National Bank Botswana and subsidised input by the franchisee.

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