Sportsmans and Outdoor Warehouse to be unbundled from Long4Life
Move aims to boost its share price and allow more acquisitions
23 June 2021 - 20:09
Long4Life, Brian Joffe’s holding company, wants to unbundle Sportsmans Warehouse and Outdoor Warehouse into a separate entity, in a move it hopes will enable its share price to better reflect the underlying value of assets and allow it to make more retail acquisitions.
The company, which Joffe founded, has long traded at a discount to its underlying value. Joffe previously built Bidvest into one of SA’s largest conglomerates...
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.