Shoprite, four global retailers form $125m venture fund aimed at innovation

Five grocery retailers, including South Africa’s Shoprite group, have established a venture fund called W23 Global. W23 Global brings together Ahold Delhaize (US, Europe, Indonesia), Tesco (UK, Europe), Woolworths Group (Australia, New Zealand), Empire Company/Sobeys (Canada) and Shoprite Group (Africa).

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