retail news in context, analysis with attitude

• The Wall Street Journal this morning reports that Walmart has made a firm $2.32 billion (US) offer to acquire 51 percent of South Africa's Massmart Holdings Ltd., which is the company’s first move into sub-Saharan Africa.

The acquisition requires regulatory approval, and is likely to be opposed by local labor unions concerned about Walmart’s anti-union reputation. According to the Journal, “Wal-Mart has committed to working with local suppliers and said it will honor all preexisting contracts with organized labor bodies.”
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