WebAug 6, 2024 · Pepkor Holdings Ltd., the South African clothing retailer controlled by Steinhoff, expressed interest in acquiring both Pepco and Poundland from its parent company, people with knowledge of the... WebSep 27, 2024 · The owner of Poundland has kept the door open for a possible stock market flotation or sale, but insisted its official rebrand has nothing to do with either. Pepkor …
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WebNov 23, 2024 · Pepkor Holdings Ltd. has made an approach to buy the South African owner of the Volpes, Coricraft and Dial.a.Bed chains to further expand in furniture and bedding, according to people familiar with the matter. ... Pepkor, whose chains include Ackermans, Russells and Sleepmasters, has significantly reduced its debt and begun a process to ... WebMay 28, 2024 · Pepkor Holdings Ltd. resumed its expansion push as Africa’s biggest clothes retailer looks to tap rising demand for low-cost apparel and malls look for tenants. The owner of the Pep and Ackermans chains opened 108 new South African stores during the six months through March and plans to more than double that in its second half, the Cape … fitch fine homes
Pepkor Makes Offer for South African Furniture Owner - BNN
WebMay 30, 2024 · STAR is the owner of iconic South African retail brands such as Pep, Ackermans and HiFi Corporation and has more than 5 100 stores in 12 African countries. The group released its results... The company was founded in 1956 by Reggie Hlongwane when he opened his first fish and chips shop. His first chain store opened in 1978, and was the start of PEP Reef. Formerly known as PEP stores the company changed its name to Pepkor Limited in 1982 and PEP stores became a subsidiary company. In 2011, private equity company Brait bought a 24.6% stake in Pepkor for R4,18bn, valuing the company at about R17bn. Web2 days ago · In my view, anyone wanting control of Pepkor would need to pay R24.08 a share (a 40% premium) against R17.24 (its 12-month high — rule of thumb) at a bare minimum. I even think you could have ... fitch football tickets