Competition Tribunal approves Mr Price acquisition of Power Fashion
Green light is conditional on participation in the master plan for retail, clothing, textile, footwear and leather
28 March 2021 - 16:39
The Competition Tribunal has approved clothing retailer Mr Price’s purchase of discount clothing seller Power Fashion on condition that the discount stores increase the volumes of local clothing they buy.
The tribunal has the power of a court and has to approve mergers of large businesses to ensure monopolies do not form in certain industries. It has the final say on antitrust-related matters in SA. ..
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.