Deacons bags Sh133m from Mr Price release

Shoppers at a Mr Price branch in Nairobi. FILE PHOTO | NMG

Fashion retailer Deacons East Africa has earned Sh133.3 million from sale of its Mr Price stores to the franchise owner Mr Price Group which is based in Durban, South Africa.

The payoff covers the cost Deacons had incurred in equipment and operating leases for the 12 stores.

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