Choppies
 |
|
| Public limited company | |
| Traded as |
: CHOPPIES JSE: CHP |
| Industry | Retailing, Fast-moving consumer goods |
| Founded | 1986 (Lobatse, Botswana) |
| Headquarters | Gaborone, Botswana |
|
Number of locations
|
178 stores (May 2016) |
|
Area served
|
Botswana, South Africa, Zimbabwe, Zambia, Kenya, Tanzania |
|
Key people
|
Robert Neil Matthews - Non-Executive Director Dorcus Kgosietsile - Non-Executive Director Syd Muller - Non-Executive Director Peter Baird - Non-Executive Director Sanooj Pullarote - Finance Director |
| Products | Hyper stores, Super stores and Value stores |
| Revenue |
 BWP 7.3 Billion (As on Year ending June 16) |
|
BWP 1.4 Billion(As on Year ending June 16) |
|
 BWP 104 Million(As on Year ending June 16) |
|
|
Number of employees
|
14,661 (As on October 2016, ) |
| Website | www |
: CHOPPIES
Robert Neil Matthews - Non-Executive Director
Dorcus Kgosietsile - Non-Executive Director
Syd Muller - Non-Executive Director
Peter Baird - Non-Executive Director
Choppies is a Botswana multinational grocery and general merchandise retailer headquartered in Gaborone, Botswana. Initially selling only food-based (both fresh groceries and wholesale long-life foods) and other fast-moving consumer goods.
Choppies became a listed company on the on January 26, and is a constituent of the BSE Domestic Company Index with an approximate market capitalisation of P2.4 billion as at 20 December 2012.
The company also completed its secondary listing on the Johannesburg stock exchange on 27 May 2015
Choppies was founded in 1986 with one supermarket named Wayside Supermarket (Proprietary) Limited in Lobatse by the Chopdat family, with a second store opening in 1993.
Since 1999, when the company only had two stores, the management team, which included the founding members of Choppies Mr Farouk Ismail (Current Deputy Chairman) and Mr Ramachandaran Ottapathu (Current CEO) (who are both also the major shareholders with each holding 34.2% of the shares), the company executed aggressive growth, consolidating the group into one structure in 2003 (previously franchising under different names) to become the dominant leader in the fast-moving consumer good industry in Botswana.
Due to its exponential growth since 1999, demand for the company become listed on the nation's stock market eventually took its toll on the management team and the company became listed on January 26, 2012. The company hired Grant Thornton to manage the administration front of the firms's Initial Public Offering, with 1.2 billion shares being listed at an offer price of BWP 1.15 per share, with 25% going into the hands of the public. The IPO was the largest on the Botswana Stock Exchange raising P350 million in both the IPO and the private placement, with the shares being oversubscribed by up to 400%.
The South African operations are executed through a wholly owned subsidiary Choppies Supermakets SA (Proprietary) Limited, which operates in the Limpopo, North-West and Free State provinces.
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Wikipedia