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Truworths intends to buy Earthchild

7 Oct 2014

Truworths International (TRU) has proposed to buy clothing company Earthchild Clothing for an undisclosed cash amount‚ Truworths said in a statement on Tuesday, 7 October 2014.

The company said it had signed a letter of intent with the shareholders of Earthchild Clothing to acquire 100% of their shares in Earthchild.

Earthchild is a retailer of fashionable children's and ladies clothing under the Earthchild and Earthaddict brands. The company manages 43 stores throughout South Africa.

The acquisition is expected to happen in the first quarter of next year.

Source: BDpro via I-Net Bridge

Source: I-Net Bridge

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