{"id":20816,"date":"2025-12-10T12:31:06","date_gmt":"2025-12-10T10:31:06","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/sas-mr-price-makes-european-debut-through-german-value-retailer-deal\/"},"modified":"2026-02-27T16:32:03","modified_gmt":"2026-02-27T14:32:03","slug":"sas-mr-price-makes-european-debut-through-german-value-retailer-deal","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sas-mr-price-makes-european-debut-through-german-value-retailer-deal\/","title":{"rendered":"SA&#8217;s Mr Price makes European debut through German value retailer deal"},"content":{"rendered":"<div>South African (SA) fashion retailer Mr Price will acquire NKD Group, a German based discount retailer for up to $567.55 million, it said on Wednesday, marking its first entry to the European market.<\/div>\n<div><\/div>\n<div>Mr Price shares were down 13.35%. Mr Price said that NKD, an apparel and homeware retailer with 2 108 stores in seven Central and Eastern European countries, is a strategic fit.<\/div>\n<div><\/div>\n<div>Market data indicates that the growth in the value retail market is outpacing that of the overall retail market.<\/div>\n<div>In Europe, value retailing accounts for about 22% of the market.<\/div>\n<div><\/div>\n<div>&#8220;After meeting the NKD team, it was evident that this was the right business to pursue,&#8221; said the group&#8217;s Chief Executive Officer Mark Blair.<\/div>\n<div><\/div>\n<div>&#8220;Like us, they are value-retailers at heart and have a very clear understanding of who their customer is and how to best serve them,&#8221; he added.<\/div>\n<div><\/div>\n<div>The transaction is subject to regulatory approvals, including clearance from the European Commission and the SA Reserve Bank.<\/div>\n<div><\/div>\n<div>It is expected to close by the second quarter of 2026, Wednesday&#8217;s statement said.<\/div>\n<div><\/div>\n<div>Once completed, Mr Price&#8217;s annual revenue would increase to approximately $3.12 billion.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":20817,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-20816","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"SA fashion retailer Mr Price will acquire NKD Group","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20816\/revisions"}],"predecessor-version":[{"id":24719,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20816\/revisions\/24719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20817"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=20816"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}