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Pepkor Archives | Rateweb
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Pepkor

Pepkor

Pepkor Explores Major South African Expansion with Edgars

  • Strategic Expansion Move: Pepkor, Africa’s largest clothing retailer, is considering a substantial acquisition of the South African brand Edgars. This move aligns with Pepkor’s strategic plans to broaden its market presence, particularly in women’s apparel and cosmetics segments.
  • Competitive Retail Landscape: The potential acquisition occurs amidst increased competition in South Africa’s affordable clothing segment. The successful turnaround of Jet by The Foschini Group intensifies competition, prompting Pepkor’s interest in reinforcing its market position through acquisitions.
  • Challenges and Growth Strategies: Despite facing challenges, such as a decline in shares due to fashion choices at its flagship Ackermans unit, Pepkor remains committed to growth. The company plans to leverage acquisitions and expansion into Brazil to bolster its presence, alongside focusing on adult wear to tap into untapped market potential.

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