Mr Price signs R3.3bn deal to take control of Studio 88
Mr Price has reached a deal for a 70% stake in Studio 88, which will add more than 700 stores, predominantly in SA
13 April 2022 - 07:48
UPDATED 13 April 2022 - 19:15
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...
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