Did PeoplesBank get bought out?
Yes, South African retail giant Pepkor successfully acquired the clothing brand Legit from the retail group Retailability in 2025. The transaction, which was approved by the Competition Tribunal, also included the acquisition of other brands such as Style, Swagga, and Boardmans. These acquired businesses were incorporated into Pepkor’s "Speciality" business unit, allowing the retailer to expand its presence in the adult fashion market while maintaining the existing store networks and employment conditions for the staff.
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