Fashion group Mr Price will buy a 70% stake in Studio 88 group, a sneaker and branded clothing retailer, paying R3.3bn in cash in its biggest acquisition to date.

The deal will allow it to grow within the burgeoning township and informal economy, which is drawing interest from mainstream retail firms...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.