Pick n Pay has revealed details of its store rebranding scheme in Zimbabwe, following the increase of its stake in TM Supermarkets.
Seven out of approximately 40 TM stores will be rebranded as Pick n Pay with a total investment of approximately $13m (£8m) earmarked across the business for store operations.
Head of group enterprises, Africa, Dallas Langman said: “The investment will see money being spent on local procurement processes and will give employment to Zimbabweans during the refurbishment of stores and their staffing. We hope to expand our footprint in Zimbabwe. We believe the TM business is extremely well run.”