Mr Price signs R3.3bn deal to take control of Studio 88
Fashion group Mr Price will buy a 70% stake in Studio 88 group, a sneaker and branded clothing retailer, paying R3.3bn in cash in its biggest acquisition to date. The deal will allow it to grow within the burgeoning township and informal economy, which is drawing interest from mainstream retail firms… Click here to read […]
Mr Price in another surprise acquisition, secures R3.3bn controlling stake in Studio 88
JSE-listed clothing, homeware and sport retail giant Mr Price has announced another surprise acquisition. This time it’s a R3.3 billion majority stake in unlisted Johannesburg-based clothing retail group Studio 88. Mr Price confirmed the deal in a Sens statement on Wednesday morning, saying the acquisition represents “a controlling shareholding in the Studio 88 Group”. The […]
Mr Price takes controlling stake in Studio 88
Retailer Mr Price says it has entered into a transaction agreement to acquire 70% of Blue Falcon, which owns the Studio 88 group of businesses, from RMB Ventures and the current management of the Studio 88 Group, for R3.3 billion. The transaction will be fully funded through the existing cash resources of the group, it […]
Mr Price to buy majority of Studio 88 in R3.3bn deal
Value fashion and homeware retailer Mr Price announced on Wednesday that it is acquiring 70% of the owner of Studio 88 Group, which includes the SideStep, John Craig, Skipper Bar brands, for R3.3 billion. Mr Price described the Studio 88 group, which operates over 700 stores, as the “largest independent retailer of branded leisure, lifestyle and […]