Big growth in sales, profits for cash-flush Mr Price
Strong retail sales growth and the acquisitions of Power Fashion and Yuppiechef have boosted Mr Price’s profits for the 52 weeks to end-April. The value retailer’s headline earnings per share grew 20.1% to 1 282.1 cents, and its operating profit exceeded R4 billion for the first time. The group declared a final dividend of 807.7 […]
Mr Price signs R3.3bn deal to take control of Studio 88
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… Click here to read […]