Pepkor Group, the South African investment company linked to South African billionaire Christo Wiese, has finalized the acquisition of multiple fashion brands from Durban-based Retailability in a R1.7 billion 98.2 million cash transaction. The move strengthens Pepkors push into the adult clothing segment across Southern Africa.
Acquisition expands Pepkors Southern Africa reach
The deal brings Legit, Style, Boardmans, Swagga, and Beaver Canoe into Pepkors portfolio, adding a network of roughly 462 stores across South Africa, Botswana, Lesotho, Namibia, and Eswatini. Pepkor first announced the transaction in March, signaling its intention to expand adultwear market share through both acquisitions and internal growth.