Why investors back Pepkor’s Brazilian samba
SA retail’s returns abroad have been as scant as a Brazilian thong, but analysts are giving Pepkor the benefit of the doubt
10 February 2022 - 05:00
"I know people are saying all SA retailers that go abroad don’t make it but we were very successful in our foreign ventures and I believe we can do it again," Pepkor CEO Leon Lourens tells the FM.
It’s a justified fear in the local investment community if you think about the billions written off by such august retailers as Woolworths, TFG and Truworths when they’ve tried to expand outside SA...
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