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South Africa watchdog OK with Footgear's acquisition of Target Business

Christian Fernsby |
The Competition Commission South Africa has recommended that the Competition Tribunal (Tribunal) approve the proposed transaction whereby Footgear intends to acquire the Target Business without conditions.

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Topics: SOUTH AFRICA    FOOTGEAR   TARGET   

Footgear mainly operates as a retailer of branded and non-branded footwear and, on a limited scale, as a retailer of accessories and apparel.

The Target Business is active in the retailing of branded and non-branded footwear, apparel and accessories.

The Target Business comprises of approximately 116 retail stores across the continent (including 109 stores located in South Africa).

The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets.

The Commission further found that the proposed transaction does not raise any public interest concerns.


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