Shoprite Acquires Africa’s Largest Coffee Chain Vida
South Africa’s Shoprite has agreed to acquire 100% of Vida e Caffè, Africa’s largest coffee chain, as the retailer broadens its business beyond supermarkets after posting R270.8 billion ($16.8 billion) in annual sales. It is also part of its strategy to expand beyond traditional grocery retail.The deal covers Vida’s South African and international operations, pending…