Wal-Mart’s Massmart to expand fresh food through acquisition

Johannesburg, South Africa -- The South African retailer owned by Wal-Mart Stores will make a key acquisition to expand its fresh food offerings, according to a Tuesday report by Bloomberg.



Massmart Holdings Ltd. said it will acquire The Fruitspot as part of its plan to expand its fresh foods. A Massmart spokesman told Bloomberg that the retailer aims to increase its business in butcheries, bakeries and fruit and vegetable suppliers.