Mr Price Group to acquire NKD Group from TDR Capital for €500m.

Mr Price Group, a South African omnichannel retail group, agreed to acquire NKD Group, a German clothing discount store chain, from TDR Capital, a British private equity firm, for €500m. “We are excited to become part of Mr Price Group Limited. With a clear vision and strong commitment, we can sustainably expand our market position in Europe. Together with our new owner, with a background in the retail sector, who understands our industry, we will rigorously execute our growth plans. The expertise on both sides will help us continue our successful trajectory. We would like to thank TDR Capital for the excellent partnership, which has been instrumental in advancing our development as a data-driven value textile discounter,” Alexander Schmökel, NKD Group CEO.