S.Africa’s Mr Value receives approvals for acquisition of Energy Style

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S.Africa’s Mr Value receives approvals for acquisition of Energy Style

JOHANNESBURG, March 30 (Reuters) - South African pr


JOHANNESBURG, March 30 (Reuters)South African price range retailer Mr Value Group MRPJ.J mentioned on Tuesday it had obtained all approvals to amass retailer Energy Style in a deal more likely to high $105 million.

The price range clothes and homeware retailer mentioned the acquisition, which might develop its market share in price range retail, can be efficient from April.

Mr Value mentioned earlier this month it will purchase privately-owned kitchenware firm Yuppiechef because it seeks to bolster its on-line presence and premium choices.

(Reporting by Tanisha Heiberg; Modifying by Kim Coghill)

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