South African retailer Spar Group is considering an offer to acquire cash-strapped West Pack Lifestyle, according to people with knowledge of the matter.
The group also sits on a large debt pile that a purchaser would have to take on, said the people, asking not to be identified because the...
The high capital costs of opening new stores in search of market share gains by West Pack Lifestyle has put the company in dire straits, resorting to voluntary business rescue processes to keep the group afloat and save more than 1,000 jobs.
Over the past four years the company has been on an...