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In 1998, owner SHV Holdings sold the Makro stores in Europe to German partner Metro AG. [5] The sale, announced on 29 October 1997, [6] was approved by the supervisory board of Metro AG on 17 December 1997. [7] Makro who opened first store in the Philippines in 1996 through a joint-venture with SM Prime Holdings and Ayala Group.
Variants of the one-piece plastic chair designed by Canadian D.C. Simpson in 1946 went into production with Allibert Group and Grosfillex Group in the 1970s. [2] Other sources name the French engineer Henry Massonnet from Nurieux-Volognat with his "Fauteuil 300" from 1972 as the inventor of the monobloc. [3]
Massmart was founded in 1990, beginning with the acquisition of six Makro stores. It listed on the JSE Limited on 4 July 2000 at R12.50 per share. Since its founding, Massmart has grown both organically and by acquisition. The firm acquisition history includes: 378 Shield members in March 1992; 20 Dion stores in May 1993; 14 CCW stores in June 1998
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The resulting 111 Navy Chair has the identical design of the 1006 Navy Chair. The one-piece design is scratch-resistant and suitable for heavy-duty use. [2] Each 111 Navy Chair is made of at least 111 recycled PET plastic bottles—65% post consumer PET—with 35% glass fiber and pigment; this gives the chair its name. [7]
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