Gray Mackenzie Group Expands with NokNok Acquisition

Beirut, Lebanon - Within their strategic expansion framework, Gray Mackenzie Retail Lebanon (GMRL) has recently announced the acquisition of NokNok, an online grocery shopping platform known for its fast delivery services. This agreement, signed in the first quarter of 2024, marks a significant milestone in GMRL’s strategy to extend its e-commerce presence and enter new market segments. This acquisition underscores GMRL’s commitment to keeping pace with digital development and offering practical and fast solutions to customers. Its primary objectives are to enhance Gray Mackenzie’s digital footprint, offer innovative services, and diversify product offerings to Lebanese consumers. By integrating NokNok within its operations, GMRL aims to leverage its expertise to provide a smooth and standardized online shopping experience for its customers. Following the acquisition, NokNok began operating under the Gray Mackenzie umbrella last month. The development plan includes a complete revamp of the application with the introduction of new features, and an expanded range of high-quality services and products. "We are thrilled to welcome NokNok to the GMRL family," said Hassan, Chairman of Gray Mackenzie Group. "This acquisition aligns with our vision to lead the retail industry in Lebanon by embracing digital transformation and expanding our reach. We are committed to delivering exceptional value and convenience to our customers through innovative solutions." The acquisition of NokNok not only strengthens GMRL’s position in the retail market but also demonstrates its commitment to innovation and customer satisfaction. This strategic move is expected to contribute significantly to the growth of Lebanon's digital economy and offer unparalleled convenience to consumers