Pepkor Holdings, a clothing retailer in South Africa, has purchased several fashion brands from Retailability in a deal worth around R1.7bn ($97.22m).
As part of the agreement, Pepkor has taken ownership of the Legit, Swagga, Style and Boardmans brands, adding 469 outlets to its operations.
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The acquisition increases Pepkor’s total store network to more than 1,000 locations.
Having obtained all regulatory approvals, the transaction became effective on 2 November 2025.
Pepkor said that the Legit, Swagga and Style brands will be incorporated into its Pepkor Speciality division, expanding its presence in the adult apparel segment, particularly women’s fashion.
The Boardmans brand will join the Pepkor Lifestyle division, strengthening the company’s position in the homeware sector.
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By GlobalDataPepkor expects the deal to create additional value by using its large scale and retail expertise across the entire value chain including financial services.
Pepkor Emerging Businesses CEO Tyrone Vieira said: “We are delighted to have successfully concluded this transaction. This marks the beginning of an exciting chapter for these businesses under the custodianship of Pepkor.
“As we move into the integration phase, we look forward to harnessing the strengths of these businesses within the Pepkor Speciality and broader Pepkor ecosystem.”
Investec Bank acted as equity and debt sponsor to Pepkor.
Rand Merchant Bank, a division of FirstRand Bank, served as financial adviser and corporate broker.
ENS Africa provided legal advice to Pepkor.
Retailability received advisory support from Investec Bank and legal services from Cliffe Dekker Hofmeyr.
