Heartgroove, through Gain, and Metro Peech are private companies involved in wholesaling and distribution of fast-moving consumer goods (FMCG) in Zimbabwe.
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…
Struggling Zimbabwe wholesale chain Metro Peech snapped up for $13,5m – Nehanda Radio nehandaradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nehandaradio.com Daily Mail and Mail on Sunday newspapers.
Metro Peech & Browne is one of the country’s biggest wholesalers, it has just built a large new store in Harare, and it is backed by a European private equity fund. So, why has the business failed? The company has been placed under business rescue because it is insolvent. A new report by the appointed