Mr Price Group is a step closer to scooping up online retail kitchenware pioneer Yuppiechef after the Competition Commission on Thursday announced its backing of the acquisition.
Mr Price said on Monday that it has reached an agreement to buy 100% of Yuppiechef, an “omnichannel” retail business focused on kitchenware, for about R470-million in cash.
Pioneering South African online kitchen and homeware retailer Yuppiechef is opening more physical stores in an omni-channel retail push.
Although online retail counts for less than 1% of South Africa’s total retail revenue, local e-commerce players are betting on a rapidly maturing market that is moving online with increasing confidence. According to a recent survey released by advisory firm PwC, the
Online shoppers are happiest with Kalahari.com, a new survey has found. Research and consulting firm Columinate says Kalahari emerged as the clear winner in the survey, five points ahead of second-placed Yuppiechef
If I told you online shopping is the next big thing to hit South Africa, you might think I was living in 1995. So-called experts will tell you big brands like Amazon and Kalahari have the market sewn up. They have the scale, the supply chains and the deep pockets to dominate the market completely