Pepkor expands into South America with Brazil acquisition
The acquisition of Grupo Avenida for an undisclosed amount will give the retailer a footprint in the continent’s largest country
03 February 2022 - 08:08
UPDATED 04 February 2022 - 08:38
Pepkor, SA’s largest retailer by store footprint, is eyeing growth in South America’s most populous country through the acquisition of Brazilian retailer Grupo Avenida.
The owner of Pep, Ackermans and Incredible Connection will acquire an 87% stake in a group with 130 stores in Brazil, a lower-to-middle-income country with 212-million people, making it one of the world’s biggest apparel markets...
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.