Clicks Group will invest R577m in capital expenditure in 2017, as it looks to raise the capacity of its health and beauty divisions. The owner of Claires and The Body Shop, plans to open 25 new stores and refurbish 65 outlets in 2017, while increasing space in 18 of those stores and expanding two of its distribution centres. But one fund manager believes that the expansion of Clicks’ presence in healthcare and beauty segments should also see it offload noncore brands such as Musica. Suvasha Kander, a fund manager at Ashburton Investments, said although Clicks’ results exceeded overall consensus, the sale of noncore assets such as Musica, should be on the cards for the company. "Musica has become a small component of their overall business and the landscape has changed for that kind of business, in the sense that now a lot of people would download music and the likes and not walk into a Musica," Kander said. "I’m not sure if it would be up for sale, but it would also be difficult to ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.