The single-dose Johnson & Johnson vaccine is effective against the Delta variant, which is currently dominant in the country, says the president and CEO of the South African Medical Research Council (SAMRC), Professor Glenda Gray.
Tiger Brands is recalling certain Koo and Hugo's canned vegetable products produced from 1 May 2019 to 5 May 2021 due to "an extremely small number" of defective cans supplied by a packaging supplier, the FMCG company said on Monday.
Primedia Broadcasting, home to market leading audio brands 947, 702, KFM 94.5 and CapeTalk as well as to Eyewitness News, today announced that Lindile Xoko, an accomplished business accelerator with experience in developing and executing growth objectives across multiple markets, will be joining the group as chief revenue officer effective 20 September 2021.Issued byPrimedia Broadcasting
South Africa's Competition Tribunal has approved the sale of Yuppiechef to the Mr Price Group.
In March this year, Mr Price announced that it entered into an agreement with Yuppiechef to acquire 100% of the privately-owned kitchen and homeware retailer. The purchase consideration will be settled entirely in cash.
Accessing a higher LSM customer base
Mr Price said at the time that it had identified the opportunity in the homeware market to gain access to a higher LSM customer base, enabling growth of its share-of-wallet through aspirational value spending.
It said the Yuppiechef acquisition would allow it to expand in South Africa through an established, high-growth omnichannel brand. "Profitability is a key factor in the group’s consideration of any venture, and it is satisfied with Yuppiechef’s positive bottom-line performance and prospects for margin expansion," the company said.
Mr Price has entered into an agreement to acquire 100% of privately-owned homeware retailer Yuppiechef...
15 Mar 2021
Earlier this month, the Competition Commission recommended that the Competition Tribunal approve the proposed transaction without conditions, saying that the deal is unlikely to result in a substantial prevention or lessening of competition in any relevant markets, and does not raise any public interest concerns. The Tribunal announced its approval this week.
Andrew Smith and Shane Dryden founded Yuppiechef in Cape Town in 2006 with a vision to build a platform for the distribution of aspirational kitchen and homeware brands. After initially operating solely online, the company expanded to physical retail in 2017 with the opening of its first store in Tygervalley.
Today, the omnichannel business has two primary operations, namely Yuppiechef Online, the retail division comprising the online platform and seven stores, as well as a wholesale division, which develops and imports branded goods for wholesale distribution.
Mr Price confirmed in an announcement to shareholders yesterday that its acquisition of Yuppiechef comes into effect on 1 August 2021, and that the Yuppiechef management team will continue to run the business with the full support of the group’s executive team.
Mark Blair, Mr Price Group CEO, said: “Welcoming Yuppiechef into the group is a very exciting moment for us. This gives us the opportunity to serve a new customer base and grow the skills within our group. We share a similar culture and outlook for growth and look forward to taking hold of opportunities together.”
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