Who is Tayo Amusan?
Tayo Amusan is a Nigerian born billionaire businessman and the Chairman of Persianas Group who wants to buy Shoprite Nigeria.
Home Town, State Of Origin: Where is Tayo Amusan?
Date Of Birth, Birthday, Age: Tayo Amusan was born on 26 September 1959.
Age: How old is Tayo Amusan?
Tayo Amusan is currently 60 years old. Tayo Amusan will celebrate his 61st birthday in September 2020.
Family, Marriage, Wife: Tayo Amusan is married to Ayo Amusan, his beautiful wife.
Children, Daughter, Son: Tayo Amusan and Ayo Amusan have children.
Net Worth: Tayo Amusan Net Worth is about $500 million US Dollars.
Ayo Amusan Biography:
Who is Ayo Amusan?
Ayo Amusan is the Nigerian born beautiful wife of Tayo Amusan. They are Nigerian billionaire couple.
Ayo Amusan and her husband, Tayo Amusan are the owners of PERSIANAS GROUP.
Meet Tayo & Ayo Amusan: CHAIRMEN & MANAGING DIRECTORS, PERSIANAS GROUP
"Tayo and Ayo Amusan are a couple with a vision to grow the Nigerian retail sector at a steady pace,” said Omoyemi Akerele . “Persianas [their development company] built the first mall of international standards in Nigeria and currently own five spread across Nigeria in Lagos, Ibadan, Kwara, Enugu and soon to be launched Abuja. The company's retail arm has successfully launched franchises such as Hugo Boss and Lacoste."
An early entrant into the burgeoning Nigerian retail scene, Tayo used his 25-year property experience to build The Palms, a 45,000 square metre property. Situated on Lagos’ Lekki Peninsula, the mall-complex has 69 retail stores, among other facilities.
While Tayo is focused on the property aspect of Persianas, Ayo oversees its retailers. Appointed director of retain in 2011, Ayo has been involved in the retail industry since 1998. She holds an MSc in Risk Management from Cass Business School, City University, London, the city in which she began her career working in strategy and budgeting. It was Ayo who led Persianas’ negotiations to secure the Hugo Boss, Puma and Lacoste franchises.
Tayo Amusan And Shoprite Nigeria
Lagos big boy and Chairman, Persianas Group, Tayo Amusan, allegdly buys ShopRite, renames it Jarra.
Meet the Nigerian who will buy Shoprite’s stake
Shoprite, Africa’s largest food retailer, announced on Monday 3 August it is considering selling off its majority share in its Nigerian subsidiary.
In a trading update filed at the Johannesburg Stock Exchange (JSE), the retail giant said it has begun the formal process of liquidating its majority share.
“Following approaches from various potential investors, and in line with our re-evaluation of the group’s operating model in Nigeria, the board has decided to initiate a formal process to consider the potential sale of all, or a majority stake, in Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited. As such, Retail Supermarkets Nigeria Limited may be classified as a discontinued operation when Shoprite reports its results for the year,’’ it said.
TheCable understands there is a corporate tussle among three entities to bite into the larger stake of the retailer.
Persianas Nigeria Limited, a property development company, owned by Tayo Amusan, is said to be the preferred bidder for the Shoprite stake.
Amusan is a businessman invested in property development. Some of his properties house the stores of Shoprite.
Amusan founded Persianas in 1990. In 2004, he launched, The Palms. Owing to the success of The Palms in Lagos, he floated three additional malls in Enugu, Kwara, Ota and Ibadan.
Amusan sits on the board of several Nigerian companies, including African Paints Nigeria Limited, and he is also the chairman of Resourcery Limited.
The two other contenders are said to be another property development company but with links to a foreign country, and a South African company backed by South Africa’s pension fund. Though Amusan is mooted to be the favoured investor, the other bidders are pushing negotiations hard.
The deal will involve Shoprite retaining the management of its chain of operations, brand name, trademarks, and supply chain.
In an internal memo of July 31, Carl Erickson, general manager of the retailer, informed employees that the revision in the business is to make the company ‘’truly Nigerian’’.
The memo read: “The expansion of the retail business in Nigeria to a greater consumer market should remain everybody’s shared vision. It has, however, become apparent that the best manner in which to do this is by engaging Nigerian investors who share in this vision. In so doing we will be creating a truly Nigerian business run and owned by Nigerians for the Nigerian market.”
Shoprite posted a sharp decline in sales of 6.3 percent in the 2020 fiscal year.
The retailer launched in Nigeria nearly 15 years ago, opening its first store in Lagos in December 2005.
That chain has grown from one to more than 25 retail stores across Nigeria — including some of the biggest retail stores in west Africa.
Tayo Amusan Coronavirus (June 2020)
Heartfelt and robust prayers are currently being rallied and requested from across all religious divides by associates and relatives of Tayo Amusan, the billionaire chairman of Persianas Group, owners of the Palms Shopping Mall (Lekki, Ilorin, Enugu and Ibadan).
The polo-loving man-about-town had reportedly tested positive for the corona-virus pandemic and he was said to be on a ventilator. Sources say he was fighting the greatest battle ever to stay alive.
Amusan celebrated his 60th birthday last year. Many of the deaths from the virus are suffered by people in their 60s and above especially those who have residual health conditions. It is not confirmed whether Amusan does but what is certain is that he is in the threshold of those who are susceptible to corona-virus deaths. This had thrown his relatives into disarray as they had been seeking and summoning prayer warriors to lead the spiritual charge to save him. The businessman does have plenty of reasons to stay alive.
A real estate tycoon, Amusan’s the Palms shopping malls introduced and firmly established the concept of retailing as a leisure destination within Nigeria when it built its flagship mall in Lekki in 2004. In reflecting the success of The Palms, Persianas has acquired the land adjacent to the original mall and is embarking on a bold expansion plan to create The Palms extension.
About Persianas
Persianas was formed in 1990 and, has since grown to become a substantial group with the proven capabilities to initiate, construct and manage high quality retail, residential and commercial environments in Nigeria.
Initial successes for the company were achieved by meeting the needs of higher net worth clients for top quality residential accommodation with the conception and realization of The Persianas Palm Courts in Lagos.
With further insights of the Nigerian economy and changing social structures, the Persianas’ team was able to acutely identify the disconnect between the local retail offering and the purchasing aspirations of Nigeria’s growing middle and upper classes and in 1999, with entrepreneurial vision and carefully researched data, plans were laid for the ground-breaking Palms retail development in Lagos.
In 2004, The Palms was opened providing a world class retail environment and setting the benchmark for retailing, not only in Nigeria but throughout West Africa. Such was the success of The Palms that Persianas has subsequently developed and opened three additional malls along similar lines in Enugu, Kwara, Ota and Ibadan.
The success story continues and Persianas is currently implementing a portfolio of other projects across Nigeria encompassing retail, hospitality, residential and commercial developments. The Group has also expanded into the strategically related areas of global brand retailing, asset management and sports management.
Tayo Amusan biography
Tayo Amusan age
Tayo Amusan wife
Tayo Amusan net Worth
Tayo Amusan coronavirus
Tayo Amusan shoprite
Tayo Amusan family
Tayo Amusan birthday
Tayo Amusan son
Tayo Amusan daughter
Ayo Amusan biography
Ayo Amusan age
Ayo Amusan husband
Ayo Amusan children
Ayo Amusan family.
Ayo Amusan net Worth
Ayo amusan Instagram
Ayo Amusan age
Ayo Amusan state of origin
Ayo Amusan children
Ayo Amusan birthday
Ayo Amusan coronavirus
Post a Comment