TERTIARY EDUCATION
Stadio acquires fashion school Lisof
Stadio CEO Chris van der Merwe says Lisof complements its Afda acquisition by expanding the company’s creative economy offering
Tertiary education specialist Stadio Holdings, controlled by PSG Group, said on Thursday it had acquired Lisof, a fashion design and retail education institute, for an undisclosed sum. The acquisition is Stadio’s second since it was unbundled and listed separately from PSG-controlled private school group Curro Holdings in September. In the same month, Curro and empowerment shareholder Brimstone bought Milpark Business School for R320m. Stadio CEO Chris van der Merwe said the Lisof acquisition was aligned with the company’s intention to acquire additional higher education institutions to expand both the geographical footprint of its investments and its higher qualification offerings. Stadio also acquired a majority stake in Southern Business School and film and performance school Afda in June. Van der Merwe said Lisof complemented Afda by expanding the company’s offering in the creative economy. Vunani Securities analyst Anthony Clark said the deal fitted Stadio’s philosophy of offer...
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.