How much was Studio 88 sold for?
Mr Price said on Friday that it received a regulatory clearance to acquire a 70% stake in Studio 88 Group in a R3. The history of Studio 88 began in 2001 when it was founded by Laurence Wernars. Wernars is the founder and CEO of the retailer, which started with one store in Johannesburg, South Africa, and has since grown into the largest independent retailer of branded leisure, lifestyle, and sporting apparel in the region.The Studio 88 journey: The 10-year growth story of a founder-led business. On 4 October RMB Ventures concluded the sale of the Studio 88 group of companies to Mr Price.