Mr Price's big ambition for the future

To be the most valuable retailer in Africa.

Yesterday morning we heard that the Mr Price Group (one of South Africa's leading fashion and homeware retailers) is buying a majority stake in a company called Studio 88 for...(you may want to sit down for this)...R3.3 billion.

You are totally forgiven if you have never heard of the Studio 88 Group, or any of its retail brands (because we had never heard of them before either). It may also then surprise you that they operate out of more than 700 physical outlets across the country and have an online store.