WHL: WOOLWORTHS HOLDINGS LIMITED - WHL to acquire Politix, a leading Australian menswear business

WHL: WOOLWORTHS HOLDINGS LIMITED - WHL to acquire Politix, a leading Australian menswear business
WHL to acquire Politix, a leading Australian menswear business
Woolworths Holdings Limited ('WHL')
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
ISIN: ZAE000063863
WHL to acquire Politix, a leading Australian menswear business
WHL advises that its wholly owned subsidiary, Country Road Group had entered into an agreement
with the owners of Politix to acquire 100% of the business. Politix is a market-leading retailer in
Australian designer menswear with 75 stores including 31 concessions across Australia and FY2016
sales of A$56 million.
The agreement is subject to the fulfilment of certain conditions precedent normal for a transaction of
this nature. The proposed acquisition will be funded through internal resources and is expected to be
immediately EPS accretive.
With a 40-year heritage, Politix is an iconic Australian men´s fashion brand with a distinctly modern
and detailed DNA, which appeals to a broad base of fashion-conscious men aged 18 to 35. Former
Liverpool FC and Socceroo star, Harry Kewell continues to be the brand´s key ambassador, in a long-
standing association that stems back to 2008.
The acquisition is consistent with WHL´s southern hemisphere strategy of building a strong and
diversified portfolio of iconic brands. Politix will add to WHL´s existing Australian stable that already
includes David Jones, Country Road, Witchery, Trenery and Mimco.
Contact:
Ralph Buddle: Director: Strategy & Business Development
T: +27 21 407 3250
M: +27 83 412 4923
Cape Town
5 October 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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