{"id":486026,"date":"2026-06-06T11:00:15","date_gmt":"2026-06-06T11:00:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/486026\/"},"modified":"2026-06-06T11:00:15","modified_gmt":"2026-06-06T11:00:15","slug":"mr-price-completes-r9-6bn-european-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/486026\/","title":{"rendered":"Mr Price completes R9.6bn European deal"},"content":{"rendered":"<p>JOHANNESBURG &#8211;\u00a0Retail giant Mr Price has completed a controversial R9.6 billion acquisition of European retailer NKD.<\/p>\n<p>This marks a significant expansion into seven European countries.<\/p>\n<p>It adds more than 2,100 stores, boosting the group\u2019s international footprint.<\/p>\n<p>For the 52 weeks to March 2026, the group increased revenue by 4.2% to R42.7 billion.<\/p>\n<p>Normalised diluted headline earnings per share rose 8%.<\/p>\n<p>Operating profit climbed above R6 billion for the first time.<\/p>\n<p>This was supported by stronger margins and disciplined cost controls.<\/p>\n<p>Mr Price says growth was driven by resilient retail sales and expansion.<\/p>\n<p>It came in a volatile trading environment and despite the once-off acquisition costs linked to the NKD deal.<\/p>\n<p>Management says the group remains well positioned for further growth in both South Africa and Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"JOHANNESBURG &#8211;\u00a0Retail giant Mr Price has completed a controversial R9.6 billion acquisition of European retailer NKD. This marks&hellip;\n","protected":false},"author":2,"featured_media":486027,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-486026","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/486026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=486026"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/486026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/486027"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=486026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=486026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=486026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}