Sunday 9 May Mom’s gift, sorted. Yuppiechef was based in 2006 and is aimed on the distribution of aspirational kitchen and homeware manufacturers. Mr Price Group has announced that it will purchase 100% of Yuppiechef, a privately-owned South African ecommerce business focussed on home and kitchenware. [BUSINESS] Mr Price has moved to buy high-end kitchenware company, Yuppiechef. Job Type. [imagesource: Yuppiechef / Facebook] This morning, news broke that Mr Price has reached an agreement to buy 100% of Yuppiechef, for what is a rather tidy sum of money. Mr Price (yes, the clothing company) has gone and done something very out of character for them — the company has decided to acquire (in its entirety) online kitchen tech retailer Yuppiechef. SA-born Duhan van der Merwe ready to roar for British and Irish Lions, NSFAS explains why there has been funding backlogs, SA artists whose work is used on TikTok, Facebook and Netflix will now get royalties, Sarah Jessica Parker launches new wine and the SATC girls would approve. Latest Humble + Mash Super sharp knives. Why are we in the news? Jeff Bezos To Step Down As CEO Of Amazon. How Bezos And Amazon Changed The World. Pour Salt Down Your Drain At Night, Here's Why, People who really went the extra mile when they quit. THIS CONTENT IS SPONSORED BY ABSA Mr Price is buying Yuppiechef … The purchase consideration represents approximately 1 percent of market capitalisation and will be settled subject to regulatory and commercial conditions, including competition authority approval. Donate Now. For those who love high-end kitchenware, Yuppiechef is a firm favourite for online shopping. Like us on Facebook to see similar stories, KZN Department of Transport manager in court over R900k fraud allegations, Five art collectives shortlisted for Turner prize, From Ipopeng to Paris, SA designer Thebe Magugu is going places, Great Scot! Consider that Yuppiechef was, according to its ‘About Us‘ page, “founded in 2006 by two good friends, selling just 32 kitchen products online, from a lounge in Plumstead”. This would imply that Mr Price is acquiring Yuppiechef for around ZAR 470 Mn (USD 31 Mn). According to BusinessTech, Mr Price said that the purchase will give them the operation for growth and a better customer growth.. Yuppiechef. Mr Price’s market cap before the announcement was almost R47 billion, which means it will buy Yuppiechef for roughly R470 million in cash. Mr Price buys Yuppiechef for R460 million in cold, hard cash 2021-03-15 . Yuppiechef was founded in … Mr Price Group has entered into an agreement to acquire 100% of privately-owned homeware retailer Yuppiechef. Mr Price Group has announced that it will purchase 100% of Yuppiechef, a privately-owned South African eCommerce business focussed on home and kitchenware. The purchase consideration will be settled entirely in cash, and the Yuppiechef management team will continue to run the business with the support of the Mr Price executive team. Yuppiechef. Posted in Industry News Tagged Mr Price, mr price home, online shopping, South Africa, yuppiechef EskomSePush app temporarily suspended from Google Play Store News • 16 Mar 2021 South African budget retailer Mr Price Group said on Monday it would buy privately-owned kitchenware company Yuppiechef in a cash deal to bolster its online presence and premium offerings. Microsoft and partners may be compensated if you purchase something through recommended links in this article. The business has two primary operations: Yuppiechef Online, the retail division comprising the online platform and seven stores, as well as a wholesale division, which … Durban-headquartered retail group Mr Price said on Monday that it has reached an agreement to buy 100% of Yuppiechef, an “omnichannel” retail business focused on kitchenware, for about R470-million in cash.. Experience Level. Mr Price's current market cap is almost R47-billion, which puts a roughly R470-million value on the takeover. … Mr Price, the budget clothing and homeware retailer, said the purchase consideration for Yuppiechef represents about 1% of market capitalisation and will be settled in cash. This would imply that Mr Price is acquiring Yuppiechef for around ZAR 470 Mn (USD 31 Mn). Mr Price’s market cap before the announcement was almost R47 billion, which means it will buy Yuppiechef for roughly R470 million in cash. Yuppiechef is a privately owned South African business that focuses on home- and kitchenware. If you're one of our customers already, thank you for your support so far, and if you're not, we'll keep on trying to win you over. Yuppiechef Explains Mr Price Group R460 Million Buyout Deal. Mr Price Group has entered into an agreement to acquire 100% of privately-owned homeware retailer Yuppiechef. S outh Africa’s retailer Mr Price announced today it has entered into an agreement to buy 100% of Yuppiechef, a privately-owned South African omnichannel retail business primarily focused on kitchenware. Durban-headquartered retail group Mr Price said on Monday that it has reached an agreement to buy 100% of Yuppiechef, an “omnichannel” retail business focused on kitchenware, for about R470-million in cash. Yuppiechef was founded in 2006 and is aimed at the distribution of aspirational kitchen and homeware brands. Yuppiechef accepts the following payment options: ‐ Toggle Sub‐menu for Appliances, ‐ Toggle Sub‐menu for Table & Bar, ‐ Toggle Sub‐menu for Bed & Bath, ‐ Toggle Sub‐menu for Furniture & Decor, ‐ Toggle Sub‐menu for Food & Drink. The retail group, Mr Price, has made a move to purchase 100% of Yuppiechef. Retail group Mr Price has moved to buy 100% of Yuppiechef, a privately-owned South African business centered on dwelling and kitchenware. Mr Price in surprise deal to buy Yuppiechef; Mr Price in surprise deal to buy Yuppiechef. The Yuppiechef team The business has two primary operations: Yuppiechef Online, the retail division comprising the online platform and seven stores, as well as a … Advertisement. Yuppiechef will give Mr Price access to high income earners and will boost its online business. Yuppiechef was founded in 2006 with a vision to build a platform for the distribution of aspirational kitchen and homeware brands. Experience Level. S outh Africa’s retailer Mr Price is spending R450 million to buy online retailer Yuppiechef.Mr Price said it will pay1% of its market capitalisation for Yuppiechef. Shop by brand. Retail group Mr Price has moved to purchase 100% of Yuppiechef, a privately-owned South African business focused on home and kitchenware. Shop most popular. Mr Price, the budget clothing and homeware retailer, said the purchase consideration for Yuppiechef represents about 1% of market capitalisation and … WATCH: Will it be another snoozefest at the Spanish Grand Prix? moneyweb.co.za - By Suren Naidoo • 38d. Mr Price in surprise deal to buy Yuppiechef moneyweb.co.za - By Suren Naidoo • 25d Durban-based clothing and home retail giant Mr Price Group announced it has entered into an agreement to purchase 100% of the issued share capital of … Read more on moneyweb.co.za Mr Price CEO, Mark Blair, said: “We are very excited about welcoming the Yuppiechef team into our family. Connect with friends faster than ever with the new Facebook app. [imagesource: Yuppiechef / Facebook] This morning, news broke that Mr Price has reached an agreement to buy 100% of Yuppiechef, for what is a rather tidy sum of money. Mr Price Group has announced that it will purchase 100% of Yuppiechef, a privately-owned South African ecommerce business focussed on home and kitchenware. We only deliver gift registry purchases to addresses in South Africa. Improve Your E-Commerce Store With … Mr Price Group has announced that it will purchase 100% of Yuppiechef, a privately-owned South African eCommerce business focussed on home and kitchenware. Andrew Smith and Shane Dryden founded […] Mr Price says it will pay approximately 1% of market capitalisation, in a cash deal. For Mr Price, this marks its second acquisition in four months. Mr Price says it will pay approximately 1% of market capitalisation, in a cash deal. Mr Price Group has entered into an agreement to acquire 100% of privately-owned homeware retailer Yuppiechef. Retail group Mr Price has moved to purchase 100% of Yuppiechef, a privately-owned South African business focused on home and kitchenware. Yuppiechef has made headline news because it recently agreed to become a part of the Mr Price Group, and be owned by them, once their deal is approved by the Competition Commission. Give a little love to JAM Help feed families in need. The Money Show’s Bruce Whitfield interviews Byron Lotter, a Portfolio Manager at Vestact. “Yuppiechef will benefit from our financial strength to accelerate growth plans which include significantly broadening the product assortment into areas where we have well-established skills and expanding its physical presence beyond the currently limited number of stores. CEO Ralph Mupita Wants MTN To Tap Into Opportunities in Africa Government Revising Guidelines On Broadband Connectivity. Mr Price Group has announced that it will purchase 100% of Yuppiechef, a South African e-commerce business focussed on home and kitchenware. We're going to carry on pushing our service levels as high as they can be, from our same offices and warehouse in our corner of Cape Town, with the same awesome people in them. #DStv403 pic.twitter.com/CBM1vh7Oqm. The business has two major operations – Yuppiechef Online, the retail division comprising the web platform and … And we'll keep bringing you high quality kitchen and home finds that excite and inspire us and you, and sharing them wherever it suits you best, whether online or in-store.
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