Studio 88

2022 - 4 - 13

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Image courtesy of "Business Day"

Mr Price signs R3.3bn deal to take control of Studio 88 (Business Day)

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 ...

UPDATED 13 April 2022 - 19:15 13 April 2022 - 07:48 Katharine Child and Karl Gernetzky

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Image courtesy of "CapeTalk"

Mr Price goes upmarket - buys R3.3 BILLION stake in Studio 88 ... (CapeTalk)

Bruce Whitfield interviews retail analyst Evan Walker (36ONE Asset Management) about Mr Price's continued 'shopping spree'.

Get your planks, just in case this is a sinker. Read More Read More Read More Read More It's potentially going to generate the same amount of cash in the next two years...Evan Walker, Portfolio Manager - 36ONE Asset Management

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Image courtesy of "Johannesburg Sunday World"

Mr Price acquires 70% of Studio 88 Group for R3.3bn (Johannesburg Sunday World)

Mr Price would acquire 70% of Studio 88 Group including Skipper Bar and John Craig brands for R3.3-billion, the fashion and homeware retailer.

Mr Price bought high-end kitchenware seller YuppieChef in 2021. We also share a similar DNA, both being founder-led businesses intent on offering customers superior value and having high-performance cultures.” Mr Price would acquire 70% of Studio 88 Group including Skipper Bar and John Craig brands for R3.3-billion, the fashion and homeware retailer said on Wednesday.

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Image courtesy of "SowetanLIVE"

Mr Price buys controlling stake in retailer Studio 88 (SowetanLIVE)

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.

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Image courtesy of "Bloomberg"

Mr Price Buys Seller of Adidas, Puma to Expand Fashion Reach (Bloomberg)

South African retailer Mr Price Group Ltd. agreed to buy Studio 88 Group, which stocks brands such as Adidas, Asics and Puma, to expand into more upmarket ...

South African retailer Mr Price Group Ltd. agreed to buy Studio 88 Group, which stocks brands such as Adidas, Asics and Puma, to expand into more upmarket clothing.

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Image courtesy of "Independent Online"

Mr Price ventures into menswear retail with R3.3bn Studio 88 deal (Independent Online)

Company to acquire 70 percent of Blue Falcon Trading 188, which owns the apparel business.

“The lion’s share, 50 percent of our group, is currently Mr Price apparel. “It’s not to say Mr Price apparel doesn’t have growth prospects, they certainly do. Blair said the partnership with Studio 88 Group would give Mr Price an ideal entry into the high growth urbanwear and athleisure segments of the market, which present them with a significant non-competing channel. The inclusion of the Studio 88 Group would increase Mr Price’s annual revenue to over R28bn and would prospectively become the group’s second largest of nine trading divisions. Mr Price chief executive Mark Blair said the brands offered by the Studio 88 Group were complementary to Mr Price’s existing customer positioning and, combined, would deliver on the group’s strategic positioning across the fashion-value and aspirational value segments. Mr Price yesterday announced that it had agreed to buy 70 percent of Blue Falcon Trading 188, which owns the Studio 88 group of businesses, from RMB Ventures Six and current management of the Studio 88 Group.

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Image courtesy of "Fibre2fashion.com"

South African retailer Mr Price acquires 70% of Studio 88 Group (Fibre2fashion.com)

South African value fashion and homeware retailer Mr Price has announced acquiring 70 per cent of the ownership of the Studio 88 Group, which includes the ...

Textile Industry Textile Industry Textile Industry It will eventually acquire the rest of management's shareholdings over the next four years. The Mr Price group would also then end up employing over 25,000 people. The 21-year-old group generated R5.6 billion in revenue for the fiscal ended September 30, 2021.

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Image courtesy of "Eyewitness News"

Mr Price goes upmarket - buys R3.3 BILLION stake in Studio 88 ... (Eyewitness News)

Bruce Whitfield interviews retail analyst Evan Walker (36ONE Asset Management) about Mr Price's continued 'shopping spree'.

It's potentially going to generate the same amount of cash in the next two years...Evan Walker, Portfolio Manager - 36ONE Asset Management The deal was immediately accretive to Mr Price shareholders... This article first appeared on CapeTalk : Mr Price goes upmarket - buys R3.3 BILLION stake in Studio 88 (Levi's, Adidas..) Mr Price goes upmarket - buys R3.3 BILLION stake in Studio 88 (Levi's, Adidas..) The Mr Price Group is expanding into more upmarket clothing with the acquisition of a majority stake in Studio 88 Group. Mr Price said in a statement that it will pay 3.3 billion rand in cash for a 70% stake in Studio 88’s owner Blue Falcon Trading 188.

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