Metro Peech News Today

Heartgroove, through Gain, and Metro Peech are private companies involved in wholesaling and distribution of fast-moving consumer goods (FMCG) in Zimbabwe.

FORMAL retailers have found themselves in a quandary again regarding pricing models to use in the highly volatile market after the domestic currency exchange rate resumed its free fall, making it difficult for traders to comply with regulatory guidelines on pricing. While the ripple effects of the currency volatility have started unraveling across the market,…

HARARE – Wholly-owned Sub-Sahara Capital Group (SSCG) subsidiary, Gain Cash & and Carry has taken over insolvent Metro Peech & Browne, one of the largest wholesale companies in the country for US$13,5 million. The deal was sealed late last year and this was confirmed by Metro Peech’s Corporate Rescue Practitioner, Oliver Mtasa in an exclusive…

Zimbabwe's largest daily newspaper

According to the corporate rescue plan obtained by NewsDay Business, a number of prospective investors indicated an interest

According to the corporate rescue plan obtained by NewsDay Business, a number of prospective investors indicated an interest

Pick n Pay says its share of earnings from Zimbabwe fell by 55.8% in the past six months, hit by inflation and exchange losses. The South African company holds 49% of TM Pick n Pay, with its partner Meikles holding the majority stake. “The Group’s share of TM’s earnings, before any hyperinflation net monetary adjustments,

Metro Peech and Browne is one of Zimbabwe’s biggest wholesalers and retailers with 19 branches nationwide.

HARARE - To survive the current economic downturn, manufacturers have vowed to continue supplying goods to unofficial traders who exclusively pay in United States dollars, despite pressure from the government to require manufacturers to follow proper supply and distribution channels. Sithembiso Nyoni, the Minister of Industry and Commerce, charged manufacturers with cutting out wholesalers and…

CALLS for formalisation of businesses continue to grow louder as the formal sector feels the pinch from the emergent informal economy in the country. Major retail players from diverse sections of the economy like food, clothing, textile, and footwear, have fallen victim to the sprawling informal sector and have since exhorted the Government to bring…