Duet Group Acquires Ghana-Based GNFoods and Shop N Save
March 14, 2014
U.K. investment firm Duet Group has acquired controlling stakes in Ghana-based Shop N Save and GNFoods through a $50 million investment. Shop N Save is a supermarket joint-venture, while GNFoods makes tomato paste and tomato-related products. The funds will be used to open new food retail stores, expand manufacturing capacity and invest in sales and marketing capabilities.