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A bit 'odd:' Pepkor's new deal offers a good fit, say analysts, but why Boardmans?

Summary by News24

Pepkor’s deal to buy several clothing stores, including Legit, from Edgars owner Retailability, makes plenty of strategic sense for the group. However, the addition of Boardmans as part of the deal seems a bit "odd".

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A bit 'odd:' Pepkor's new deal offers a good fit, say analysts, but why Boardmans?

3 days ago·South Africa

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theafrica.co.za

Pepkor Goes On A Buying Spree With Big Retail Takeover : The Africa

Pepkor is making a bold move to strengthen its retail empire with a major acquisition that will see several well-known brands change hands. The company has reached an agreement to acquire Legit, Swa

3 days ago

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CapeTown ETC

Pepkor goes on a buying spree with big retail takeover

Pepkor is making a bold move to strengthen its retail empire with a major acquisition that will see several well-known brands change hands. The company has reached an agreement to acquire Legit, Swagga, Style and Boardmans from Retailability, expanding its presence in fashion and homeware. Retailability, which operates a wide range of stores across southern Africa, will continue running Edgars, Edgars Beauty, Red Square, Kelso, and Keedo, as the…

3 days ago

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insidepolitic.co.za

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bizcommunity.com

Pepkor to buy Retailability adult clothing businesses

By Reuters South Africa’s Pepkor said on Tuesday it will buy fashion businesses Legit, Swagga and Style and homewares brand Boardmans from privately owned retail group Retailability, as part of its expansion into the adult clothing market. Pepkor, which also sells electronics and furniture, already owns the PEP and Ackermans clothing brands which have given it a dominant share of the children’s clothing and school uniform markets in South Africa…

4 days ago

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