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Pepkor, backed by billionaire Christo Wiese, strikes $104 million deal to expand its retail empire

Summary by Billionaires.Africa

Key PointsPepkor is acquiring four Retailability brands for $104 million, adding 462 stores across five African countries to strengthen its adultwear market position.The deal enhances Pepkor’s retail footprint, integrating Legit, Swagga, and Style into its Speciality division while Boardmans joins its Lifestyle portfolio for diversification.Pepkor will finance the transaction through cash reserves, leveraging its supply chain scale and financial…

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Cape Business News

Retailability off-loads sub brands in cash deal

Privately owned retail Group, Retailability, has sold Legit, Swagga, Style and Boardmans to Pepkor. Edgars, Edgars Beauty, Red Square, Kelso and Keedo are not part of the deal and will continue to be operated by Retailability. The transaction remains subject to standard regulatory and commercial suspensive conditions. Retailability Limited, a private owned retail group that...

5 days ago

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