Mr Price makes its first big purchase in more than 20 years
It is buying value fashion retailer Power Fashion, which has 170 stores across Southern Africa
26 November 2020 - 12:19
Mr Price, the specialist in mid-range clothing, sports goods and homeware, is buying value fashion retailer Power Fashion in its first purchase since the 1990s, saying the new acquisition will fit well with the group.
Mr Price CEO Mark Blair announced this at the company’s half-year results on Thursday. According to Mr Price, the deal, which is subject to approval of competition authorities in SA and Eswatini, will come into effect in April 2021 to align with the group’s 2022 financial year. ..
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