Pepkor considers acquiring SA rival Edgars for R2.4 billion

Pepkor, the continent’s largest clothing retailer, is reportedly contemplating a takeover bid for South African competitor, Edgars, say insiders privy to the discussions. Pepkor, which boasts chains such as Pep, Tekkie Town and Ackermans, is believed to be weighing up a potential offer of up to R2.4 billion for the 94-year-old brand. Three years ago, … Continue reading Pepkor considers acquiring SA rival Edgars for R2.4 billion