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Mr Price Group (MRP) investor relations material
Mr Price Group M&A Announcement summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.M&A Announcement summary10 Dec, 2025
Deal rationale and strategic fit
Acquisition of NKD provides a platform for offshore expansion into Central and Eastern Europe, leveraging a proven value retail model and aligning with the buyer's value-focused growth strategy.
NKD operates in a high-growth value apparel and homeware sector, with strong brand recognition and a skilled local management team.
The deal enables access to large, growing European markets, diversifying geographic exposure beyond South Africa and Africa.
Cultural and operational alignment between both management teams was a key factor in the decision, supporting seamless integration.
The acquisition is transformational, supporting long-term growth ambitions and superior returns over the next decade and beyond.
Financial terms and conditions
Maximum purchase price is €487 million (approx. R9.66 billion), covering 100% of shares and shareholder loan receivables, both subject to escalation until closing.
Base purchase price for shares is €415 million, with an additional €38.5 million for shareholder loan receivables.
Transaction is fully funded by internal cash and new debt, with a targeted debt to EBITDA ratio of 1–1.5x.
Currency risk has been hedged to protect against exchange rate volatility.
The deal is not expected to be earnings accretive in year one due to transaction costs, but is anticipated to deliver long-term value.
Synergies and expected cost savings
NKD’s data-driven tools and sourcing capabilities are expected to enhance group margins and operational efficiency.
Both companies’ cash-based, private label, omnichannel models create operational synergies.
No significant short-term synergy benefits expected; focus is on long-term value creation.
Impact of NKD's business cyclicality on earnings?
Specific growth drivers from NKD acquisition?
Debt funding structure for NKD acquisition?
Value drivers without operational integration
Identify NKD's key financial improvement areas
NKD's primary growth levers in existing markets
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Next Mr Price Group earnings date
H2 20265 Jun, 2026
Next Mr Price Group earnings date
H2 20265 Jun, 2026
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Frequently asked questions
Mr Price Group Limited is a retail company specializing in apparel, home goods, and sportswear. The company operates multiple brands, including Mr Price, Mr Price Home, Mr Price Sport, Miladys, and Sheet Street, catering to value-conscious consumers. It offers products through physical stores and e-commerce platforms, serving customers across South Africa and select international markets. The company is headquartered in Durban, South Africa, and its shares are listed on the JSE.
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