Walmart takes over Game Uganda
Friday August 26, 2011
South African supermarket giant in Uganda Game, will retain its name even after Walmart prepares to fully acquire the operations of Massmart Holdings, the supermarket?s parent company.
Mr Dorian Straub, the Game Stores -Uganda general manager, told Daily Monitor in Kampala yesterday that Walmart?s takeover will only affect ownership but will have nothing to do with the brand and the store?s operations.
?Yes Walmart took over Game Stores, but It is the ownership that has changed and not the name,? Mr Straub said. He said the takeover is expected come with better alternatives like in pricing, stock varieties and service point expansion.
Massmart becomes the first business base for the world?s biggest retailer in Africa, with operations in a number of global markets including America, Asia and Europe. The acquisition that is estimated at $2.4 billion is expected to improve Game?s operations across Africa with a boost in branch network and employee numbers.
Game, which opened in Uganda in 2004, has operations in 11 African countries including: South Africa, Botswana, Ghana, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Uganda, Tanzania and Zambia.