OUR STORY
Who we are
Retail Supermarkets Nigeria Limited, trading as Shoprite, is a leading supermarket chain formally wholly owned by Shoprite Holdings Limited (SHL), a company incorporated in South Africa.
We are committed to high standards of corporate governance. We manage our subsidiaries, Shoprite, Freshmark and Liquor shop through a governing structure where responsibility and reporting roll up from operational management to the Board of Directors.
About Retail Supermarkets Nigeria Limited
Retail Supermarkets Nigeria Limited launched its first Nigerian store in Lagos in December 2005 and has expanded to 26 outlets across 14 states in the country. The Company also has a 4,732 square meter distribution center in Lagos, which facilitates direct delivery from local farmers for Freshmark-Shoprite’s fruit and vegetable procurement and distribution arm.
In May 2021, Persianas Investment Limited, through an SPV, Ketron Investment Limited, completed the acquisition of RSNL from SHL to become the owner and operator of Shoprite stores in Nigeria
In 2021, Ketron Investment Limited, a Nigerian company acquired Retail Supermarkets Nigeria Limited (RSNL), the owners of Shoprite Stores nationwide. With approval from the Federal Competition and Consumer Protection Commission (FCCPC), Ketron acquired 100% ownership of Shoprite in Nigeria with prospects of opening additional stores to optimise visibility for the wide variety of Nigerian-made products as well as international brands.
HERITAGE
18 years strong
Commenced Operation
Shoprite opened its first store, the palms, on the 16th of December 2005.
Acquisition
RSNL was acquired by Ketron Investment Limited, Bank of Industry, MBO Capital Management and other Nigerian
shareholders
Additional Store
Opened the 10th Shoprite store in
Ibadan.
Post-Acquisition
Commenced implementation of post-acquisition strategies
25th Store
Shoprite opened its 25th store in Novare Central Wuse, Abuja
Additional Store
Opened the 26th Shoprite store in
Kaduna.
Our Mission
We are committed to building a family of Nigeria’s best modern retail brands offering convenient shopping and memorable experiences that drive long-term loyalty and deliver sustained growth for our shareholders.
Our Vision
Being the retailer of choice, delivering convenience, quality, and exceptional value to our customers and communities.
OUR
Core values
Customer Focus
Our customers are our paramount priority and we are committed to ensuring their satisfaction.
Convenience
We are redefining the essence of convenience to offer customers product accessibility, availability and affordability.
Quality
We strive for quality through consistent and value-adding services which ensure customer satisfaction, profitability and business growth.
Honesty
We operate with uncompromising honesty and integrity to earn and maintain the trust of our stakeholders – employees, customers, shareholders, suppliers, partners, investors, and the communities we serve.
Community
We build a sustainable retail ecosystem through strategic partnership and transparent business practices that create shared value.