Shoprite buys another South African retailer

• Shoprite has acquired PicardiRebel, a liquor store chain with 34 retailers in South Africa.
• The Competition Commission approved the acquisition subject to conditions to address public interest concerns, requiring Shoprite to commit capital towards refurbishing PicardiRebel stores.
• The acquisition is part of Shoprite's expansion plans, which also include the purchase of Vida e Caffé, a coffee shop brand with approximately 400 stores in South Africa.