Pepkor is selling men’s fashion retailer John Craig as the appetite for expensive brands and formalwear wanes. The sale comes as the group plans to focus on growing its middle-income brands, such as Refinery that sells adult clothing.
Pepkor CEO Leon Lourens said the company is in talks with a potential buyer, though the details have not been released...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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