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In Nigeria, ghost of Kingsway, Leventis haunts second-generation retailers

Nigeria’s second-generation formal retailers may soon find themselves travelling down the ill-fated path of first-generation retailers from Leventis to Kingsway, who took off in the face of weak consumer purchasing power and supply chain disruptions. Established between 1932 and 1948, UTC, Leventis and Kingsway Stores all vied for the wallets of Nigerian consumers with quality…

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