Well-Known Franconian Textile Discoter Will Be Sold to South Africa for 500 Million Euros - New Owner Already Has Plans

finance-magazin.de

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NKD will be in Africa's hands in the future, G+D will join the Federal Association of German Banks and Siemens Energy will be targeted by activists: the M&A deals of the week in the FINANCE review. NKD will change ownership of NKD in Africa in the future: the South African Mr Price Group has signed a purchase agreement to acquire the NKD Group from TDR Capital. Mr Price is an omni-channel retailer for clothing and household goods listed at JSE i…

chip.de

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Mr Price takes over the textile discounter NKD and plans a massive expansion in Europe. In the long term, up to 4,000 branches are to be created.

nordbayern.de

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A Franconian textile discounter will be sold for 500 million euros to the South African fashion retailer Mr Price. The new owner plans 4000 stores in Europe in the long term.

www.kleinezeitung.at

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The low-cost fashion chain NKD has been sold to Mr Price from South Africa. Among the 3100 Mr Price branches, there are around 2100 NKD markets in Germany, Austria, Italy and four Eastern European countries.