Another one bites the dust: SA retailer Builders exits
Builders, a subsidiary of South Africa’s retail giant Massmart, is closing down its business at the Waterfront Karen Nairobi. PHOTO | ALEXANDER | JOE AFP
Builders, a subsidiary of South Africa’s retail giant Massmart, is closing down its business at the Waterfront Karen Nairobi in less than three years of operation after finding the going very difficult in East Africa’s largest economy.
The announcement of the closure, which was made two weeks ago, did not come as a surprise, going by the trend of recent exits by South African retail brands such as Shoprite, Massmart and their Botswana-based counterpart Choppies.
