Mr Price has reached a deal for a 70% stake in Studio 88, which will add over 700 stores, predominantly in SA
Fashion group Mr Price has signed a R3.3bn agreement to take a controlling stake in the Studio 88 group, SA’s biggest unlisted apparel retailer, as it seeks to fulfil its ambition to become Africa’s most valuable retail brand.
Mr Price has reached a deal to acquire 70% of Blue Falcon Trading 188, to be funded fully through cash, acquiring a business with more than 700 stores, trading through various names, including Studio 88, SideStep, Skipper Bar and John Craig...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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