JOHANNESBURG - Mr Price Group has seen its market value drop by more than 10 billion rand since announcing its acquisition of Germany’s NKD Group late last year.
The retailer’s share price has fallen nearly 15 percent, as investors raise concerns over the cost of the deal and the risks of expanding into Europe.
ALSO READ | Mr Price pushes ahead with controversial R10bn European acquisition
Despite a recent investor presentation aimed at easing fears, scepticism remains over growth projections.
Analysts say much of the risk may already be priced in — but warn that execution will be key if the deal is to deliver long-term value.