Share

Massmart acquires small appliance brand as it beefs up private label portfolio

accreditation
0:00
play article
Subscribers can listen to this article
Consumers have turned to air fryers as cooking oil prices continue to rise.
Consumers have turned to air fryers as cooking oil prices continue to rise.
Getty Images

Massmart has acquired appliance brand Eiger, as part of its move expand its private label product portfolio.

The acquisition follows Massmart’s analysis of South Africa’s appliance market. 

Group private brand merchandise executive at Massmart, Trevelyan Hall, said: "Through our ongoing research, we identified a clear gap in South Africa for a brand of well-priced, beautifully designed small appliances that not only have all the features customers expect in a premium product, but also add to the aesthetic appeal of their kitchen countertops."

Eiger sells products such as air fryers, smart scales, blenders, irons, and coffee makers.

According to retailers, consumers confronted with escalating costs, from food to fuel, are turning to private label products food and grocery products, which are more affordable.

Consumers have also been delaying big appliance purchases.

But Massmart said although consumers are cash strapped, they still see small appliances as a necessity.

"As cooking oil prices rise, for example, the air fryer remains a popular item with customers and is now seen as a staple item in the kitchen," Hall said.

He added that Eiger’s promotion of a healthy lifestyle and its offer of free recipe books and meal planning templates bring added value.

Massmart currently sells small Eiger appliances such as hand vacuums, irons, kettles and toasters in its Makro, Game and Builders stores. 

In the next few months  Massmart and Eiger will grow the product range "considerably".

"What customers see in-store currently is only the beginning for Eiger. We will continue to grow the brand through adding more sophisticated and innovative products, at affordable prices," Hall said.

Get the biggest business stories emailed to you every weekday.

Go to the Fin24 front page.


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.76
+1.4%
Rand - Pound
23.43
-0.0%
Rand - Euro
20.08
-0.0%
Rand - Aus dollar
12.25
-0.0%
Rand - Yen
0.12
-0.0%
Platinum
924.10
0.0%
Palladium
959.00
0.0%
Gold
2,337.68
0.0%
Silver
27.19
-0.0%
Brent Crude
89.50
+0.6%
Top 40
69,358
+1.3%
All Share
75,371
+1.4%
Resource 10
62,363
+0.4%
Industrial 25
103,903
+1.3%
Financial 15
16,161
+2.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders