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In one of its historically largest purchase operations, American retail giant Walmart bought 51% of South African retailer Massmart in May 2011 by paying US$ 2.4 billion. Massmart sells in 14...
Wal-Mart Stores hopes that food and conversation can win over shoppers and companies in sub-Saharan Africa as soon as the ink dries on its deal to buy Massmart. Wal-Mart's rocky mission to buy...