Description of Activities

Description of transaction: The proposed transaction involves the acquisition by Pepkor Speciality Namibia of the entire businesses of Legit and Swagga and/or Beaver Canoe, and acquisition by Pep Namibia the entire business of Style as a going concern.

Acquiring group: The primary acquiring undertakings are Pepkor Speciality Stores (Namibia) (Pty) Ltd (“Pepkor Speciality Namibia”), and Pep Stores (Namibia) (Pty) Ltd (Pep Namibia) which are part of Pepkor Holdings Limited, a diversified conglomerate registered in South Africa active in retailing and FinTech industries. The activities of the Acquiring Group, in relation to this transaction exist in the retailing industry, which entails retail in clothing, footwear and homeware, as well as fast-moving consumer goods and cellular products and services offered through its chain of stores such as Pep, Ackermans, Tekkie Town, Dunns, Refinery, Shoe City, and S.P.C.C, Sleepmaster, HiFi Corp and Incredible Connection.

Target undertaking: The primary undertakings are each of the retail brands and businesses operated by Retailability Proprietary limited through its branch in Namibia (“Retailability Namibia”) which are specifically; Legit, Style and Swagga and/or Beaver Canoe. Legit have 21 stores across Namibia selling ladies fashion/apparel and beauty products, Swagga/Beaver Canoe operates 23 stores that sell apparel for men and boys. The Style Business operates 39 stores across Namibia, selling men’s and women contemporary and formal fashion wear, as well as kid’s clothing and cellular products. 

Relevant market: The merging parties submit that the product market is that of retail of men, women and kid’s apparel (clothing, footwear and accessories) within Namibia. 

Submit Your Comments

The Namibian Competition Commission (NaCC) values your input in ensuring fair competition across the country. If you have concerns about a business practice, merger, or market behavior, simply fill out our Feedback Form below. Provide a brief description of your concern, and include any relevant details or documentation. Your submission will be reviewed confidentially, and we’ll follow up if further information is needed.

Submission Form