Tag: 88-9-percent
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South Africa’s Truworths to buy majority stake in Office Retail Group
South African fashion retailer Truworths International said on Monday it has entered into an agreement to buy an 88.9 percent stake in Britain's Office Retail Group for 5.5 billion rand ($382 million). The British retailer's management will retain an 11.1 percent stake in Office. Truworths has the option to buy that stake within 3 to…
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South Africa’s Truworths to buy majority stake in Office Retail Group
South African fashion retailer Truworths International said on Monday it has entered into an agreement to buy an 88.9 percent stake in Britain's Office Retail Group for 5.5 billion rand ($382 million). The British retailer's management will retain an 11.1 percent stake in Office. Truworths has the option to buy that stake within 3 to…