Pepkor has massively expanded its store base following the purchase of several businesses from Retailability.<\/p>\n\n\n\n
In March, Pepkor announced it had entered into an agreement with Retailability to acquire the Legit, Swagga, Style and Boardmans businesses. <\/p>\n\n\n\n
Pepkor, which is the largest clothes retailer in South Africa, said that these businesses will be incorporated into the Pepkor Speciality business unit. <\/p>\n\n\n\n
It stated that the new companies will add significant scale and expand their product offerings in the adult wear market, particularly in women’s wear via the Legit brand. <\/p>\n\n\n\n
It said that the acquisition of the Swagga and Style businesses will help accelerate the expansion of the group\u2019s store portfolio. <\/p>\n\n\n\n
It will further support Pepkor\u2019s ambitions to grow its share in the adult wear market. <\/p>\n\n\n\n
The Boardman’s online brand, which operates in the homeware product segment, will be incorporated into the Pepkor Lifestyle business.<\/p>\n\n\n\n
Pepkor expects the transaction to unlock further incremental value via leveraging its other services across the retail value chain, including financial services.\u00a0<\/p>\n\n\n\n
The acquisition will expand Pepkor Speciality\u2019s store base beyond 1,000 stores, adding 469 stores to its existing 979-store base.\u00a0<\/p>\n\n\n\n
\u201cWe are delighted to have successfully concluded this transaction,\u201d said\u00a0CEO of Pepkor Emerging Businesses, Tyrone Vieira.\u00a0<\/p>\n\n\n\n
\u201cThis marks the beginning of an exciting chapter for these businesses under the custodianship of Pepkor.\u201d <\/p>\n\n\n\n
\u201cAs we move into the integration phase, we look forward to harnessing the strengths of these businesses within the Pepkor Speciality and broader Pepkor ecosystem.\u201d <\/p>\n\n\n\n
The final purchase consideration paid amounts to R1.7 billion and represents around 1.7% of Pepkor\u2019s market cap.\u00a0<\/p>\n\n\n\n
All the conditions precedent for the Proposed Transaction have now been fulfilled, including approvals from competition authorities. <\/p>\n\n\n\n
The deal was implemented effective 2 November 2025, given that all conditions precedent were fulfilled. <\/p>\n","protected":false},"excerpt":{"rendered":"
Pepkor is expanding its store base even further following the acquisition of the Legit, Swagga, Style and Boardmans businesses. <\/p>\n","protected":false},"author":95,"featured_media":834608,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[4713,23992,4076,23994,23993],"class_list":["post-841880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-boardmans","tag-legit","tag-pepkor","tag-style","tag-swagga"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/841880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=841880"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/841880\/revisions"}],"predecessor-version":[{"id":841883,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/841880\/revisions\/841883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/834608"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=841880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=841880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=841880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}