盗U系统进程隐藏|【唯一TG:@heimifeng8】|黑帽SEO快排集群✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Clothing Retailer Pepkor Explores Takeover of South African Rival Edgars
Bloomberg Published
December 7,盗U系统进程隐藏 2025
Pepkor Holdings Ltd., Africa’s largest clothing retailer, is exploring a potential takeover of South African rival Edgars, according to people familiar with the matter.
The owner of chains including Pep, Ackermans and Tekkie Town is considering paying as much as 2.4 billion rand ($126 million) for the 94-year-old brand, which three years ago was bought out of business rescue by retail holding company Retailability Pty Ltd., the people said. Talks could yet fall apart and another buyer may emerge, they said.
A deal could provide Pepkor with an additional 131 stores with a focus on women’s clothing and cosmetics, areas in which Pepkor is looking to expand, according to the people, who asked not to be identified because the information is private.
Pepkor Chief Executive Officer Pieter Erasmus last week said that while the discount retailer is “focused on organic growth,” it also wants to sell more adult clothing and would consider doing that through an acquisition “at the right price.”
“We’re not constrained from a capital point of view, our gearing is well under control,” Erasmus said in a Nov. 29 interview. “Our biggest opportunity is where we have very low market share, which is in adult-wear.”
Pepkor declined to comment on the possible purchase of Edgars.
“Private equity is always open to opportunities, but there is no deal to sell Retailability or Edgars at present,” said Retailability CEO Norman Drieselmann in response to questions.
The talks come as The Foschini Group Ltd.’s turnaround of local rival discount clothing chain Jet is increasing competition for the lower end of the market. TFG bought Jet in 2025 from the administrators in charge of salvaging Edcon Holdings Ltd. from bankruptcy proceedings. Edcon owned both Jet and the Edgars chains.
Since buying Edgars, Retailability has reduced nonperforming store space and negotiated more favorable rents. The company, which is backed by Johannesburg-based private equity firm Metier, also owns brands such as Legit, Beaver Canoe and Boardmans.
Edgars’ turnaround is continuing, with the department stores “in the final phase of the recovery program,” said Drieselmann.
Pepkor is also expanding in Brazil. The Cape Town-based company bought Grupo Avenida SA for less than 3.2 billion rand last year — its first move into South America — and is now increasing investments there as it repositions that unit toward the discount segment. Erasmus said it plans to open 50 Avenida stores a year, double its initially planned rate.
Shares of Pepkor have dropped 5.1% this year as it’s struggled with poor fashion choices at its flagship Ackermans unit, making it the worst performing clothing retailer on the FTSE/JSE Retailers Index.