DPI makes follow-on investment in discount retailer
Development Partners International has announced a $50 million follow-on investment in Kazyon.
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Development Partners International (DPI) has announced a $50 million follow-on investment in Kazyon, an Egyptian discount retailer.
“This capital will accelerate Kazyon’s roll out in Morocco, Saudi Arabia, and across the region, positioning it as an emerging markets champion with an exciting trajectory ahead,” says Jade Del Lero Moreau, a partner at DPI.
“Since our initial investment, Kazyon has grown into the region’s largest and most sophisticated discount retailer, now operating 1,600 stores across three countries and employing over 11,000 people. In 2024, we supported Kazyon’s acquisition of Saudi retailer Al Dukan and its greenfield entry into Morocco, strengthening its position as a multi-country platform. This next phase of growth will allow Kazyon to continue offering competitive pricing, backed by a scalable strategy, diverse supplier base, and a strong portfolio of private-label brands. We’re excited to support Kazyon’s journey and its vision of making quality products accessible across the region,” DPI said in a statement.
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Kazyon's expansion strategy highlights an interesting shift in emerging market retail—discount retailers aren't just serving budget consumers, but building sophisticated infrastructure and supply chains that challenge traditional retail models. The $50M follow-on investment reflects confidence in the scalability of the discount format across different regulatory and cultural contexts. What's particularly compelling is their private-label strategy, which could become a key differentiator as they compete with both local vendors and international discount chains expanding into these markets.