South African retailer Mr Price Group Ltd has acquired a controlling stake in apparel retailer Studio 88 Group in a R3.3 billion ($227.75 million) deal, the company said.
The retailer said on Tuesday it had entered into a deal to buy 70% of Blue Falcon Trading 188 (Proprietary) Ltd, which owns the Studio 88 group of businesses.
Mr Price buys controlling stake in retailer Studio 88
South African retailer Mr Price Group Ltd has acquired a controlling stake in apparel retailer Studio 88 Group in a R3.3 billion ($227.75 million) deal, the company said.
The retailer said on Tuesday it had entered into a deal to buy 70% of Blue Falcon Trading 188 (Proprietary) Ltd, which owns the Studio 88 group of businesses.