Briefly.co.zagathered that Dion Friedland, Rave stores founder at age 25, had founded the chain in 1970.
In 1993, the Dion department stores were procured by the Massmart group.
In 2011, Walmart had taken over as part of a strategy to expand operations in Africa.
However, last year profits plunged by R1.73 billion, prompting the group to rethink its current portfolio.
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Source: Briefly News
Samantha RiddleSamantha Riddle is a former Mainstream/ Current Affairs Manager.
She covered the breaking stories and SA news from 2018-2021.
Currently, shes working for The South African.
