Press Release: Navis Capital Partners Announces Divestment of Retail Apparel Group to The Foschini Group

May 25, 2017

Sydney, 25 May 2017: Navis Capital (“Navis”) today confirmed that it has signed documentation to divest its controlling interest in leading Australian retailer, Retail Apparel Group (“RAG”) to The Foschini Group of South Africa.

The transaction values RAG at an Enterprise Value of approximately A$302.5 million. The transaction is expected to close in calendar Q3 2017.  

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