Famous Brands buys into Botswana

23-JUN-15

The second stock was Famous Brands, who will Acquire 51% of Retail Group (Pty) Ltd, Botswana. This is not a huge acquisition but it does give them more control of the operations in Botswana and more importantly it gives their (Famous Brands) huge amount of cash a place to work a bit harder. In their recent results they had R 126 million sitting in cash on the balance sheet.