NEWS & MEDIA > Acquisition Of The Capestorm Brand

Cape Town, 15 Dec 2011

Shareholders are advised that Holdsport has entered into an agreement in terms of which Holdsport will acquire the CAPESTORM Brand and related intellectual property, including certain inventories, for an undisclosed value. Holdsport will also acquire two retail outlets in Bryanston and Wynberg as part of the transaction.

CAPESTORM is a technical outdoor adventure apparel brand, which was established in 1996 and the product range caters to the active sports and outdoor enthusiast.

Holdsport intends to grow and develop the CAPESTORM Brand and will leverage the First Ascent infrastructure to facilitate this process.

The transaction falls below the JSE disclosure thresholds. The acquisition will not have any significant impact on the financial results of Holdsport in the short term.

Holdsport Limited
(“Holdsport” or “the company” or “the group”)
Registration number: 2006/022252/06                              
Share code: HSP                          
ISIN : ZAE000157046    


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