Makro, a prominent warehouse retail store, has become a household name in South Africa. Known for its bulk purchasing options and a wide range of products, it caters to both individuals and businesses. But have you ever wondered which country owns Makro in South Africa? In this blog post, we’ll delve into the ownership structure of Makro and the global brands associated with it.
The Ownership of Makro in South Africa
Makro in South Africa is owned by Walmart/Massmart, a subsidiary of the American retail giant Walmart. Massmart is a leading wholesaler and retailer in Africa, operating various brands, including Game, Builders Warehouse, and, of course, Makro. The partnership between Walmart and Massmart has significantly enhanced Makro’s reach and efficiency, allowing it to serve customers better across the country.
A Brief History of Makro
Founded in the Netherlands in 1968, Makro was initially established as a cash-and-carry wholesale store. Its unique concept of offering a wide variety of products at lower prices has helped it expand rapidly, eventually spreading to various countries, including South Africa. The first Makro store opened in South Africa in 1991, and it has since grown to become one of the most popular shopping destinations in the country.
Global Ownership Overview
While Makro is known for its presence in South Africa, it is essential to recognize the brand’s global ties. Here’s a brief look at the ownership of Makro in different regions:
- Europe: In Europe, Makro is owned by Metro AG, a leading wholesale company operating in several countries.
- Latin America: The brand operates under InRetail in Peru and is owned by SHV Holdings in other parts of Latin America.
- Asia: In Asia, CP All manages Makro stores, showcasing the brand’s international appeal and versatility.
- UK: The brand has had ties to Tesco/Booker Group in the UK, highlighting its diverse ownership structure.