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Cashbuild abandons DIY sales channel

CEO Werner de Jager informs that the Cashbuild DIY store project won't be continued.

CEO Werner de Jager informs that the Cashbuild DIY store project won't be continued.

The South African materials supplier and DIY store group Cashbuild has decided to discontinue the Cashbuild DIY store project and to rather continue with the P&L Hardware store format. This has emerged from the company report for 2017/2018 which has now been submitted. "The nine existing Cashbuild DIY stores will, once their lease expires, either be converted to P&L Hardware stores or Cashbuild stores, depending on the store location, or closed if necessary," writes CEO Werner de Jager.

| 2 October 2017


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